Yes Bank, the fourth largest private bank of the India, is doing all it takes to raise capital. In its continuous efforts to raise funds, Yes Bank has given a mandate to Anshu Jain to raise the funds for the bank, sources close to the development told. Anshu Jain is a former co-CEO of Deutsche Bank , currently the president of Cantor Fitzgerald , an investment bank and brokerage firm. Yes Bank has been struggling to raise funds and share prices are down by 13% in last one month. Recently India Ratings have downgraded the ratings of Yes, Bank.

Source: Economic Times February 05, 2020 06:45 UTC