Stock Market

CARE Ratings downgrades Rs 21,000 crore worth YES Bank bonds

“There is continued uncertainty related to quantum and timelines of raising equity capital, which would keep the bank’s capital buffers at low levels and provide lower cushion to absorb any losses on account of higher provisioning requirement due to weakening of asset quality,” the ratings agency noted.

from Markets-Economic Times https://ift.tt/357d7oI

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