The Carlyle Group Inc. (NasdaqGS:CG) is considering a INR 37,500 million - INR 45,000 million ($500 million-$600 million) investment in Yes Bank Limited (NSEI:YESBANK) along with Advent International Corporation, according to people in the know. The lender is in talks with the private equity (PE) investors to raise ($1 billion-1.5 billion) of growth capital to further bolster its balance sheet two years after the regulator put it under stewardship of the State Bank of India to stave off a possible run on its deposits. Carlyle declined to comment.

Yes Bank did not respond.