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SBI Chairman Kumar Says Some Solution Will Save Yes Bank

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On Yes Bank's crisis which is on a long extended fund raising spree, SBI Chairman Rajnish Kumar told a leading news channel in Davos, "I have a feeling that it will not be allowed to fail". Further he said " some solutions will emerge". Also he said, "Yes Bank is a significant player in the market with an almost $40 billion balance sheet".

 

SBI Chairman Kumar Says Some Solution Will Save Yes Bank

The statement from the banker comes close on the speculation that the government with stake in SBI may ask the public run lender to bail out Yes Bank. Nonetheless, in the month gone by Kumar reiterated that it was "out of the question that SBI will do anything for Yes Bank."

Since the past one year, the stock of Yes Bank has seen steep fall by 80% and amid worries on account of its asset quality as well as fund raising potential, the bank is under acute pressure. With equity capital ratio that it is working on to increase just higher than the regulatory minimum of 8%.

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