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The Times of India

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Carlyle, Advent get conditional nod from RBI to own 9.99% in Yes Bank

YES Bank Advent Carlyle RBI Carlyle Group Reserve Bank Mumbai

MUMBAI: Private equity majors The Carlyle Group and Advent have got the Reserve Bank's nod to own up to 9.99 per cent in Yes Bank, the private sector lender said on Thursday.

The two PE funds in July this year expressed an intent to pump-in over Rs 8,000 crore in Yes Bank subject to regulatory permissions. Regulatory nod is required for owning over 5 per cent in a bank.

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