The RBI superseded the Board of Directors of the bank and imposed a moratorium on YBL from March 05, 2020. Recently, on March 13, 2020, the government had approved a bailout plan for Yes Bank. Under the plan, Yes Bank had received around `10,000cr from eight financial institutions, including almost 5Cr from SBI. Currently, pre-FPO, SBI owns 48.21% in Yes Bank.
With the fundraising, the lender is looking to ensure adequate capital to support growth and expansion.
Currently, the people are in real dilemma of whether to invest in Yes bank of not?
Here are some article that can help you with your decision of whether or not to invest in Yes Bank FPO:
- Against Investing in the FPO
- Neutral on Investing
- Article by AngelBroking IPOnote
- For investing in the FPO
- None till now. We will keep updating if we find one.
Hope that this helps to clear your doubts. If you have any questions let us know in the comments, we are happy to help.