Technical Analysis:
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Yes Bank is currently facing consolidation which shows signs of improvement in the coming days.
Sentiment & Fundamental Tnalysis:
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Yes Bank appointed Anshu Jain-headed global investment bank Cantor Fitzgerald and two domestic entities for its fundraising plans, sources had said earlier.
The bank needs capital to meet the growing requirements of its expanding business, to invest in technology, human capital and infrastructure, and because it also envisages significant lending opportunities.