INSUBCONTINENT EXCLUSIVE:
stake in the bank, was just banter.
Last week, YES Bank said it was considering $500 million investment offer from London-based Citax
Holdings and Citax Investment Group, in what would be a vital financial lifeline for the private lender.
A final decision on the investment,
Tuesday opined that Kotak Mahindra Bank (KMB) is best suited to acquire smaller and capital-starved rival YES Bank.
"I think Uday (Kotak) is
the best candidate to acquire YES Bank
You need deep pockets, Uday has that," SBI Chairman Rajnish Kumar said at Times Network's India Economic Conclave here.
When the same
We are trying to ensure that we grow big so that at some stage we can acquire others
So, yes Mr Kotak, they are best suited rather than us," he said.
