A watchman steps out of a Yes Bank branch in Mumbai, September 21, 2018. REUTERS/Francis Mascarenhas/File Photo
MUMBAI: India’s Yes Bank Ltd., the world’s worst-performing lender in 2019, has posted the globe’s biggest gain over the past month.
Its shares have rallied about 50% -- the biggest gain among global peers valued at more than $1 billion -- after embattled founder Rana Kapoor was forced to sell his holdings in October and a new management team promised fresh capital and lower bad loans.
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