Yes Bank’s proposed stake sale deal is stuck as RBI is not comfortable with ceding majority control to foreign banks
Yes Bank Stake Sale: The matter of stake sale in Yes Bank has stopped for now. The Reserve Bank of India (RBI) is uncomfortable with the majority stake of Yes Bank going to a foreign bank. People familiar with the matter have given this information to Moneycontrol. According to sources, Japan’s giant banking company Sumitomo … Read more