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| Name | What Next for Yes Bank? | CA Rachana Ranade | #shorts |
| Video Uploader | Video From CA Rachana Phadke Ranade |
| Upload Date | This Video Uploaded At 11-03-2023 12:30:21 |
| Video Discription | Description:- In March 2020, a consortium of investors led by the State Bank of India infused Rs.10,000 Crore to bail out the bank. As a part of this, SBI bought shares worth Rs.6,050 Crores for a 48% stake. Further, as a part of the “Yes Bank Limited Reconstruction Scheme, 2020” shareholders holding more than 100 shares were locked in for 3 years for up to 75% of their shareholding, with SBI being required to hold a minimum of 26% during the lock-in period. SBI initially held 48.21%, which was reduced to 30% in June 2020 and 26.14% in December 2022. Currently, SBI is holding 26.14% worth Rs.12,402 crores. The lock-in period for SBI ended on March 6, 2023, and it has not sold any shares since then. The lock-in period for other stakeholders is ending on March 13, 2023. This is an important development in the banking industry and the future of Yes Bank. We will have to wait and see how this impacts the bank and its shareholders. |
| Category | Education |
| Tags | CA Rachana Ranade | Rachana Ranade | Finfluencer | finance | finance tips | learn financial terms | share market | stock market | basics of stock market | share market for beginners | YesBank | YesBankLock-in | YesBankLimitedReconsrutionScheme2020 | SBI | RBI | IndianBanks | IndianBanking | NIFTYBANK | BANKNIFTY | BankCrisis | Consortium StateBankofIndia | HDFC | ICICI | yes bank shares | Bombay High Court | IDFC FIRST Bank | Kotak Mahindra Bank | Axis Bank | lenders | investors | trading | trending |
