Even as the market is buzzing with possibility of Dutch investor Rabobank International exiting YES Bank and entering India through direct branch banking, Rana Kapoor, MD & CEO, YES Bank, has indicated that Rabobank?s exit will translate into a financial gain of around $300 million (Rs 1,400 crore) for the Dutch bank. The Dutch bank holds 15.9% in YES Bank.
Kapoor added Rabobank did not exit from YES Bank even when the markets were bullish a few years back. ?What I can say is that European banks are also looking forward to making good gains. Rabobank?s gain from YES Bank is almost $300 million. If they want to monetise at the current market price, they will get something around that amount.?
YES Bank partnered with Rabobank in 1998. Eventually, Rabobank?s stake dipped to the present 15.9%. Kapoor and his family own around 27% in YES Bank. ?They are clever and they have the right to chose as and when they want to exit,? Kapoor said. He added that if Rabobank?s shares gets spread over five or six investors, it?s be good for it as the bank will get not only volume, but velocity in the stocks.