Global rating agency Moody’s has placed Yes Bank’s ratings under review for a possible downgrade citing its high exposure to the struggling NBFC and realty sectors. The agency has a ‘Ba1’ rating on the bank, which has a 6.4 percent exposure to NBFCs and housing finance firms and 7 percent to realty companies as of the March 2019 quarter.
Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
