Digital payment PAYTM is considering buying a stake in Yes Bank. According to sources, Paytm is in talks with Yes Bank co-founder Rana Kapoor about this. Sources have said that the draft of the deal will depend on the approval of the Reserve Bank of India. At the same time,

Paytm has refused to comment on this matter. Paytm founder Vijay Shekhar Sharma is a shareholder in Paytm Payments Bank.

Rana Kapoor and his family have a 9.6 percent stake in Yes Bank. People associated with the bank declined to comment on whether Rana wants to sell the shares or not. Bank CEO Ravneet Gill said that the bank wants to focus on administration and compliance with rules. Ravneet Gill took over as Chief Executive Officer of the bank in March itself.

Significantly, the RBI had noticed flaws in compliance with the rules. After this, Rana Kapoor was surrounded by questions. The bank suffered a loss of Rs 1,506.64 crore for the quarter ending in March 2019. At the same time, the bank had a profit of Rs 1,179.44 crore in the same period of its last financial year.