SBI aims to sell its YES Bank stake worth $2.2 billion by March-end

Quick Summary:

Other media earlier reported the interest of Japanese and Middle Eastern lenders in acquiring SBI's stake in Yes Bank.

In a response to Reuters' query, Yes Bank said it had "no comments to offer regarding (the) stake sale as these inquiries are speculative in nature.

SBI currently holds about 24 per cent in Yes Bank while 11 other lenders, including ICICI Bank and HDFC Bank, who were also involved in Yes Bank's rescue, together hold 9.74 per cent.

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Article Details

Category: BusinessFinance

Markets: IndiaJapan

Topics: SBI Stake sale State bank of India Yes bank YES Bank Reserve Bank of India SBI Stake sale RBI

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-13 @ 15:21:55 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 641 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22062082

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