I think Uday (Kotak) is the best candidate to acquire Yes bank. You need deep pockets, Uday has that, said SBI's Rajnish Kumar.
The lender's shares were trading at 58.75 apiece, down 5.39 per cent on the BSE.
The private sector lender had reported a net profit of Rs 1,720.28 crore in 2018-19.
Total income (consolidated) also slipped to Rs 8,347.50 crore during July-Sept 2019-20, as against Rs 8,713.67 crore.
Yes Bank is in discussions to raise USD 1.6 billion from six global private equity funds and two domestic mutual funds.
Excluding the one time DTA impact, the adjusted net profit was at Rs 109 crore.
Shares of the private sector lender zoomed 34.94 per cent to Rs 76.65 apiece on the BSE.
Shares of the private sector lender rose 4.15 per cent to Rs 43.85 on the BSE.
Shares of the company are witnessing heavy beating at stock exchanges during the last few days.
The stock zoomed 29.3 per cent to Rs 41.40, on the BSE. On the NSE, it jumped 29 per cent to Rs 41.30.