A watchman stepping out of a Yes Bank branch in Mumbai, India. Shares in India's embattled Yes Bank jumped by a third Monday (March 9) on hopes of a central bank-backed rescue plan for the country's fourth-largest private lender, which tanked last week on fears it was about to collapse. - Reuters
MUMBAI: Shares in India's embattled Yes Bank jumped by a third Monday (March 9) on hopes of a central bank-backed rescue plan for the country's fourth-largest private lender, which tanked last week on fears it was about to collapse.
Yes Bank, which is struggling under a massive pile of bad loans, plunged 56% on Friday after the Reserve Bank of India late Thursday seized control of the lender and imposed withdrawal limits.
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