Private-sector lender Yes Bank's Chief Executive Officer Ravneet Gill assur...
) Chief Executive Officer Ravneet Gill assured investors on Thursday that the bank remains on solid financial footing, sending its stock as much as 25% higher.
Two of the bank’s promoter companies, led by former CEO Rana Kapoor and his family, said on Thursday they cut stakes over the last two weeks to reduce debt in their own companies, further seeking to allay investor concerns. Gill also said the bank was in talks with private equity firms, strategic investors and family offices to raise additional capital.
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