March 5, 2020 / 5:28 AM / 24 days ago

India's SBI to lead group for Yes Bank stake buy - report

BENGALURU, March 5 (Reuters) - Shares of Yes Bank Ltd soared 17% on Thursday after a report that the Indian government has approved a plan for top lender State Bank of India to lead a consortium that will buy a stake in the troubled private-sector bank.

SBI shares slid 5.4%, after local TV channel CNBC-TV18 cited here the report by Bloomberg.

Yes Bank and SBI did not immediately respond to requests for comment.

Reporting by Chris Thomas in Bengaluru; Editing by Sriraj Kalluvila

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