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

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Deal Lieutenant
Alexios

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...

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Deal Subedar Deal Subedar
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Is Yes bank heading towards a sarkari culture?

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

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

Pro Shopping Friend Pro Shopping Friend
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Meanwhile retail investors grinning grinning 

Finance Ninja Finance Ninja
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