DBS may acquire 51% stake in Yes Bank : reports

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DBS may acquire 51% stake in Yes Bank : reports

Nov 04, 2019 11:18 IST

According to reports Singapore-based DBS Bank may acquire a 51 percent stake in Yes Bank. The government of Singapore is apparently negotiating with the PMO and RBI for DBS to acquire a 51 percent stake in Yes Bank. Yes Bank on Friday reported a consolidated net loss of Rs 629 crores for the September quarter due to a spurt in bad loans. However the company had said it has received a binding offer from an investor, for the bank.

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