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Yes Bank will not be allowed to fail: Rajnish Kumar

Jan 23, 2020 12:40 IST

The head of India’s biggest lender, SBI, has said he’s certain that some solutions will emerge to steady Yes Bank, which has been on a prolonged quest to raise new capital. Yes Bank is a significant player in the market with an almost $40 billion balance sheet, the State Bank of India Chairman Rajnish Kumar told Bloomberg in Davos. Kumar said he feel that Yes Bank will not be allowed to fail.