KMB best suited to acquire Yes Bank: Top bankers

Two of India's top bankers opined that Kotak Mahindra Bank (KMB) is best suited to acquire smaller and capital-starved rival Yes Bank.

Yes Bank's capital buffers have dipped on accelerated non-performing assets recognition under new chief executive Ravneet Gill earlier.

The private sector lender's capital raising plan is also passing through uncertainties and there are speculations on whether Yes Bank is an acquisition target, which has been denied by its management.

"I think Uday (Kotak) is the best candidate to acquire Yes Bank. You need deep pockets, Uday has that," SBI Chairman Rajnish Kumar said at 'Times Network's' 'India Economic Conclave'.

When the same question was posed to third-largest lender Axis Bank's Managing Director and CEO Amitabh Chaudhry, it was answered with the same suggestion.

"We (Axis Bank) are a smaller bank. We are trying to ensure that we grow big so that at some stage we can acquire others. So, yes Kotak, they are best suited rather than us," he said.