SBI Card IPO: YES Bank clients asked to pay using different bank account

Investors who have applied for SBI Cards’ initial public offering (IPO) have been given allotment with the condition that they will make the payment using a different bank account before Friday, said people in the know. This ends the uncertainty on whether YES Bank’s clients would be considered for allotment, in light of the 30-day moratorium imposed by the Reserve Bank of India. The allotment for the Rs 10,300-crore share sale was finalised on Wednesday.
 
Nearly Rs 1,500 crore worth of bids in the IPO have come from YES Bank accounts. A bulk of these allotments were made by