India’s banking crisis: Government rescues fourth-largest bank
India’s Yes Bank’s rescue comes at a bad time for India’s economy, which is growing at its slowest pace in more than six years.
Even before the coronavirus pandemic, there was concern about the large debts of India’s financial institutions.
India’s fourth-largest lender, Yes Bank, was taken over by the government earlier this month. In the third rescue this year.
Al Jazeera’s Elizabeth Puranam reports from the capital, New Delhi.
Published On 18 Mar 2020