After a 20% Fall, will the RBI-approved SMBC Deal Rescue Yes Bank?
Yes Bank’s share price has slipped by nearly 20% over the past twelve months. With increasing investor concerns, RBI gave the go-ahead to the SMBC Deal, whereby Sumitomo Mitsui Banking Corporation was allowed to purchase shares to the extent of 24.99 percent in Yes Bank. The approval is valid for one year and awaits final…