Axis Bank trims stake in Yes Bank

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    Axis Bank has lowered its stake in Yes Bank from 2.39 per cent in December 2020 quarter to 1.96 per cent in March 2021 quarter

    Yes Bank final week reported a heavy loss to the tune of close to ₹38 billion, which was a lot greater in opposition to the estimated loss by the market specialists. However, this isn’t the top of problem for the non-public lender. As per the Yes Bank shareholding sample out there on the official BSE India web site — bseindia.com, Axis Bank has lowered its stake in Yes Bank from 2.39 per cent in December 2020 quarter to 1.96 per cent in March 2021 quarter. However, different banks like SBI, ICICI Bank, IDFC First Bank and Bandhan Bank has saved its stake in the sure Bank.

    As per the Yes Bank’s newest shareholding sample (i.e. March 2021) out there t the BSE India web site, Axis Bank’s stake in Yes Bank is 1.96 per cent solely. In December 2020 quarter, Axis Bank held 2.39 per cent Yes Bank shares. During January to March 2021 interval, Axis Bank offered out 10,86,90,427 Yes Bank shares. Currently, Axis Bank holds 49,13,10,524 Yes Bank shares which stood at 6,0,00,00,951 in December 2020 Yes Bank shareholding sample.

    However, different banks like SBI, ICICI Bank, IDFC First Bank and Bandhan Bank have continued with its conviction concerning the revival of the non-public lender and saved its stake unchanged in March 2021 quarter.

     

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