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Yes Bank Rescue: Echoes Of The 1998 LTCM Bailout

The Yes Bank plan is reminiscent of a similar ‘consortium bailout’ of a large floundering financial firm, writes Amol Agrawal.

The New York Federal Reserve Building where the LTCM bailout was organised in September 1998. (Photographer: Scott Eells/Bloomberg)
The New York Federal Reserve Building where the LTCM bailout was organised in September 1998. (Photographer: Scott Eells/Bloomberg)
The participation of several private-sector financial companies in the ongoing Yes Bank reconstruction is reminiscent of a similar ‘consortium bailout’ of a large floundering financial firm.
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