Have not received any approval from RBI for 51% stake sale: Yes Bank

Yes Bank shares surge after clarification on stake sale report

Shares of Yes Bank opened over 1% higher on Tuesday after the bank clarified that the report regarding a 51% stake sale is factually incorrect and speculative.

In a regulatory filing, Yes Bank stated, “RBI has not given any in-principle approval as stated in the article and this clarification is issued by the company voluntarily to dispel the baseless media article.”


Earlier, a media report suggested that the Reserve Bank of India (RBI) had given in-principle approval for up to a 51% stake purchase by an incoming promoter, which would exceed the usual 26% limit under banking rules. The report also indicated that the potential sale could value Yes Bank at around $10 billion, making it the largest acquisition in India’s banking sector.

As of 10:08 AM, Yes Bank shares were trading 1.48% higher at ₹26.06.