Monday, June 21, 2021
Home Business SBI to buy 49% stakes of Yes Bank by investing Rs. 2,450...

SBI to buy 49% stakes of Yes Bank by investing Rs. 2,450 crore

On Saturday 7th March, State Bank of India reported that the bank will invest up to Rs 2,450 crore or 24.5 billion rupees ($331 million) to buy 49 % stakes of Yes Bank Ltd as part of the initial phase of the rescue deal. SBI Chairman Rajnish Kumar stated that SBI being the largest bank in the country and India’s largest state-run lender had been asked by the government to rescue Yes Bank from crisis.

Read More – Business Standards | The Week | Tribune India | Indian Express | Hindustan Times

50% LikesVS
50% Dislikes

News Verification For Headline Auditors

If this seems like a news that is relevant to your industry. Would you like to verify the authenticity of the news?
Please Enter your Secret Key

We are building a board of industry expert to help us verify important news stories. If you would like to empanel yourself, please click here.

Report Post

Akshay Washindkar
23, Aspiring Actor, Screenplay Writer, Filmmaker, Content Writer @Headline English.

TRENDING NEWS

LATEST NEWS