Rating agency ICRA has downgraded quasi-equity bonds issued by Yes Bank following a drop in the lender’s capital adequacy position. It also factors in the increase in stress, as reflected by the rise in risky loans in its portfolio.
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Rating agency ICRA has downgraded quasi-equity bonds issued by Yes Bank following a drop in the lender’s capital adequacy position. It also factors in the increase in stress, as reflected by the rise in risky loans in its portfolio.
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