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YES Bank Shares Gain After RBI Approves Board Amendments for SMBC-SBI Deal
YES Bank Shares Gain After RBI Approves Board Amendments for SMBC-SBI Deal
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BTCCSquare news:
YES Bank shares ROSE 1.11% to ₹21.00 in early trading following regulatory approval from the Reserve Bank of India for amendments to its Articles of Association. The changes facilitate the nomination of directors by Sumitomo Mitsui Banking Corporation and State Bank of India, a key step in finalizing their strategic investment.
Trading volumes surged to 625.90 lakh shares, with buy orders outpacing sell-side activity by a wide margin. The stock remains well below its 52-week high of ₹24.41, suggesting room for further upside as the deal progresses toward completion.
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