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Moody’s places Yes Bank’s ratings under review

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.

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