Yes Bank Ltd.plans to raise $1.2 billion over 18 months to bolster its capital buffer through a mix of public and private share sales, Chief Executive Officer Ravneet Gill said. India’s shadow banking woes that emerged last September has revealed cracks in Yes Bank’s balance sheet. Yes Bank expects to recover loans made to Dewan as well as Anil Ambani’s companies and Essel Group by the end of September, Gill said on Monday. UBS Group AG cut Yes Bank’s price target last week on concerns over its relatively high exposure to junk-rated companies. The bank’s capital buffers have declined sharply as bad-loan provisioning surged, constraining its ability to extend credit.

Source: Mint June 17, 2019 10:30 UTC