 "YES Bank")
Yes Bank Ltd. shares tumbled the most in two months after its board deferred an announcement on new investors, prompting a warning about the risks to the Indian financial system if the lender is unable to quickly bolster its capital.
The Mumbai-based lender said its board failed to reach a final decision on potential investors at a meeting on Tuesday, though it favored a $500 million offer from Citax Holdings Ltd. Yes Bank is still reviewing another $1.5 billion of bids from parties including Canadian businessman Erwin Singh Braich, it said in a filing.
“If the bank is unable to
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