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The Yes Bank Rescue and Its Aftermath
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Yes Bank, one of the stars of the cohort of new private banks, teetered on the brink of collapse until it was rescued by a consortium of banks led by State of Bank of India (SBI) in March 2020. The bank had a balance sheet size of around `3,80,000 crore in March 2019. It was large enough for its failure to have an impact on the broader banking system. It had to be rescued.
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Updated On : 14th Apr, 2020
