Business

Kotak Mahindra Bank best suited to acquire Yes Bank, says SBI chairman Rajnish Kumar

Mumbai: Two of India’s top bankers on Tuesday opined that Kotak Mahindra Bank (KMB) is best suited to acquire smaller and capital-starved rival Yes Bank. Yes Bank’s capital buffers have dipped on accelerated non-performing assets recognition under new chief executive Ravneet Gill earlier this year. The private sector lender’s capital raising plan is also passing […]