Govt approves SBI's plan to buy stake in Yes Bank

Govt approves SBI's plan to buy stake in Yes Bank

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Deal Subedar
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https://www.moneycontrol.com/news/business/govt...

The government has approved a plan for country’s largest lender, State Bank of IndiaNSE -0.35 %, to lead a consortium that will buy a stake in private lender Yes Bank, news agency Bloomberg reported on Thursday.

State Bank of India has been authorized to pick other members of the consortium and the announcement is expected soon, the report said.

Following the development, shares of YES Bank jumped 9.56 per cent to hit a high of Rs 32.10 on BSE. Shares of state-run SBI fell 3.01 ..

Read more at:
https://economictimes.indiatimes.com/markets/st...

8 Comments  |  
7 Dimers
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Critic
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Is Yes bank heading towards a sarkari culture?

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Deal Subedar
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cocay wrote:

Is Yes bank heading towards a sarkari culture?

sbi is planning to take stake in yes bank – a low percentage.

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Entertainer
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these 2 rs banks i tell you. 2 kaudi ka bank! toungueout

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Shopping Friend
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Meanwhile retail investors grinning grinning 

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Entertainer
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bikidas2060 wrote:

Yesbank ko khudko pata nai ki kaun kharid rha. smile smile smile smile stuck_out_tongue imp
https://pbs.twimg.com/media/ESVwNqwU0AEKHxM?for...

1st time Yes Bank is saying hum nahi bik rahe. They issued clarification that sbi is not in talks. Nahi to har changu mangu ne yes bank kharidne ka plan bana rakha tha sources ki maane to.

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Deal Subedar
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marketdimer wrote:

1st time Yes Bank is saying hum nahi bik rahe. They issued clarification that sbi is not in talks. Nahi to har changu mangu ne yes bank kharidne ka plan bana rakha tha sources ki maane to.

Increased by 25.6% today. There will be a blood bath tomorrow probably.

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