YES BANK's Debt Instruments Placed Under Credit Watch with Developing Implications by CARE Ratings
Shalini | Myequity news | Date : 01-10-2018 10:55:00 IST
The ratings assigned to various debt instruments of YES BANK have been put on 'credit watch with developing implications' by CARE Ratings on account of the recent communication from the Reserve Bank of India (RBI) restricting the tenure of the current Managing Director and Chief Executive Officer (MD & CEO) Mr. Rana Kapoor, till January 31, 2019.
The Senior and Tier II instruments issued by the Bank, which were upgraded to CARE AAA with Stable Outlook from CARE AA+ on July 05, 2018, now carry a rating of "CARE AAA (credit watch with developing implications)". About YES BANK :
YES BANK, India's fourth largest private sector Bank witha pan India presence across all 29 states and 7 Union Territories of India, headquartered in the Lower Parel Innovation District (LPID) of Mumbai, is the outcorne of the professional & entrepreneitrial com1nitnzent of its Founder Rana Kapoor and its Top Management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the future businesses of India.