SBI Chairman | Yes Bank: State Bank chairman says YES Bank ‘will not be allowed to fail’
If it is allowed to fail then it will be a disaster. A $40 billion balance sheet does not sound right, may be the bank has sold off or reduced the balance sheet. It is currently trading at less that $2 billion in market cap, i think. Anyway, I am certain the bank will raise capital. because it is a cheap target for any PE to buy a huge franchise in India, trusted by retail. Hopefully it will make its shareholders happy again.
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