{"id":133403,"date":"2024-09-12T23:23:07","date_gmt":"2024-09-12T23:23:07","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/12\/yes-bank-stake-sale-hits-hurdle-over-51-rule-times-of-india\/"},"modified":"2024-09-12T23:23:07","modified_gmt":"2024-09-12T23:23:07","slug":"yes-bank-stake-sale-hits-hurdle-over-51-rule-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/12\/yes-bank-stake-sale-hits-hurdle-over-51-rule-times-of-india\/","title":{"rendered":"Yes Bank stake sale hits hurdle over 51% rule &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"581\" src=\"https:\/\/i1.wp.com\/static.toiimg.com\/thumb\/imgsize-23456,msid-113303085,width-600,resizemode-4\/113303085.jpg?resize=600,581&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Yes Bank stake sale hits hurdle over 51% rule &#8211; Times of India\" title=\"Yes Bank stake sale hits hurdle over 51% rule &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div>MUMBAI: <!-- -->Yes Bank&#8217;s proposed sale<!-- --> to a <!-- -->private buyer<!-- --> has hit a hurdle as <!-- -->potential buyers seek a 51% shareholding<!-- -->, which is not allowed under existing rules. The development is likely to push the exit of major Indian banks that hold a majority stake in the private lender beyond the current financial year.<br \/>Reports have indicated that Japan&#8217;s SMBC and Emirates NBD were the only bidders for the private bank and both are eager to hold over 51%.In the past, RBI had allowed white-knight investors to hold more than 50% in private banks, but those transactions were aimed at preventing distressed lenders from collapsing.<br \/> Development Bank of Singapore, for instance, was permitted to acquire the distressed Lakshmi Vilas Bank during the pandemic in Nov 2020. Likewise, in 2018, RBI approved Canada&#8217;s Fairfax Group to obtain a 51% stake in CSB Bank.<\/p>\n<div data-pos=\"0\" class=\"id-r-component QbQNS undefined  &#10;        \">\n<div><\/div>\n<\/div>\n<p>Unlike these two cases, however, Yes Bank is currently financially stable. The proposed sale aims to provide an exit to existing shareholders including SBI, HDFC Bank, and <!-- -->ICICI Bank<!-- -->. Issuing fresh capital would further increase the bank&#8217;s equity base. Additionally, in all cases where RBI has allowed a higher stake, it was with the understanding that the investor would eventually decrease their stake to 26%. Contrary to some reports, sources mentioned that there has not been any &#8216;fit and proper&#8217; assessment of bidders, which is a prerequisite for a formal bid.<br \/>In March 20200, Yes Bank underwent a govt-notified reconstruction scheme where an SBI-led consortium invested over Rs 10,000 crore to rescue the bank.<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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The development is likely to push the exit of major Indian banks that hold a majority stake in the private lender beyond the current financial year.Reports have indicated [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":133404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/thumb\/imgsize-23456,msid-113303085,width-600,resizemode-4\/113303085.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[107018,673,289,367,32708,14011,273,107017,107016,3980,7481,2341,6181,272,107015,1545,107014],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/133403"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=133403"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/133403\/revisions"}],"predecessor-version":[{"id":133405,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/133403\/revisions\/133405"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/133404"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=133403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=133403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=133403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}