SBI Yes Bank News: SBI invests Rs 1,760 crore in Yes Bank India Business News

0
17

Let’s Start this Interesting Article Shared on DesiNew.xyz

(Representative image)

Bengaluru: State Bank of India (State Bank of India), The country’s largest lender executive committee has approved further investment of Rs 1,760 crore in the public offering Yes BankAccording to a regulatory filing.
In March this year, the SBI board approved an investment of Rs 7,250 crore in troubled lender Yes Bank.
Earlier this year, the Reserve Bank of India (RBI) took control of Yes Bank, as the lender suffering from bad debts had failed to raise the capital needed to stay above the regulated regulatory requirements.
Since then, SBI has stepped in to acquire and retain a stake in the private lender. However, SBI’s total investment is unlikely to exceed Rs 10,000 crore, according to the bank’s chairman.

STAY TUNED WITH US FOR MORE INTERESTING CONTENT ONLY ON DESINEW.XYZ

LEAVE A REPLY

Please enter your comment!
Please enter your name here