The Carlyle Group and Advent to invest $1.1bn in Yes Bank.

The Carlyle Group, a global investment firm, and Advent, a global private equity firm, agreed to invest $1.1bn in Yes Bank, one of India’s largest and fastest growing full-service commercial banks. "We are pleased to welcome Carlyle as a high-caliber investor and partner in Yes Bank. Carlyle has extensive and proven operating experience in the financial services sector, and we look forward to having their invaluable support as we continue to focus on value creation and delivering sustained profitable growth for our customers and shareholders," Prashant Kumar, Yes Bank Managing Director and CEO.