YES Bank rescue plan: How brokerages have interpreted the proposals

Macquarie has suggested that taxpayers will the biggest casualty in the government-approved bailout plan for YES Bank

State Bank of India (SBI) chairman Rajnish Kumar on Saturday sought to allay concerns regarding the proposed rescue plan for YES Bank, which involves the state-owned bank picking up a 49 per cent stake in the latter, subject to conditions.

The proposed plan saw stocks of YES Bank and SBI take a hit in trade on Friday, with leading brokerages such as Macquarie suggesting taxpayers will the biggest casualty in the government-approved bailout plan. JP Morgan, on the other hand, has revised down the target price of YES Bank stock to Rs 1.

Here’s how leading brokerages have interpreted the