Global rating agency Moody's has revised its outlook on Indian private sector lender Yes Bank from "stable" to "positive" on the expectation of a gradual improvement in its depositor base and lending franchise. This will help improve its core profitability over the next 12-18 months. In a separate development, First Abu Dhabi Bank PJSC is reportedly exploring the acquisition of a stake in India's YES Bank Ltd., estimated at about $5 billion. Sources familiar with the matter disclosed that the West Asian lender is contemplating a bid for up to 51 per cent of YES Bank.
Source:-Business Standard
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