YES Bank Ltd. has changed. In the past, the troubled Indian lender kept quiet rather than tell shareholders the truth about its bad loans. Now, under new management, it can’t stop talking about an impending rescue. If the former approach nearly destroyed the bank, this latest strategy isn’t going to help fix it.
In early September, CEO Ravneet Gill told Reuters that YES was in “fairly advanced level of talks” with a top global technology company for a stake sale. In an interview with Press Trust of India earlier this month, Gill said the white knight would be a tech