Paytm owner in talks to pick up stake in Yes Bank

Mobile payments major Paytm-owner One97 Communications is in preliminary discussions for a deal to pick up a stake in private sector lender Yes Bank. The structure of the deal is still being discussed and much will depend on the approval from the Reserve Bank of India (RBI), as One97 and Paytm founder Vijay Shekhar Sharma already owns Paytm Payments Bank, sources said.

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