Yes Bank share, May 10 -- Following the State Bank of India (SBI) move to offload its 13.19% stake in Yes Bank in favour of Japan's Sumitomo Mitsui Banking Corporation (SMBC), bulls bet high on Yes Bank shares on Friday. The share price witnessed a sharp upside on Friday and finished 10% higher at Rs.20.05 apiece on the NSE.

According to stock market experts, SBI, HDFC Bank, LIC, ICICI Bank, IDFC First Bank, etc., offloading their stake in Yes Bank to favour Japan's SMBC will become a game-changer for Yes Bank. They said the move is expected to change Yes Bank from a local bank to an international bank, making it easier for the private lender to raise funds for business. Today, Yes Bank depends upon local options for raising funds, while...