Yes Bank Shares Jump 5% After RBI Approval, Should You Buy Now?
On Monday, Yes Bank shares jumped by about 5 percent, reaching over ₹20 per share. The big reason? The RBI has cleared Japan’s Sumitomo Mitsui Banking Corporation (SMBC) to acquire close to 25% of Yes Bank’s paid-up share capital along with voting rights. That’s a big deal because SMBC is not just any investor; it’s…