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News Yes Bank Latest News: SBI To Invest 2450 Crore In Yes Bank

Yes Bank Latest News: SBI To Invest 2450 Crore In Yes Bank

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Yes Bank Latest News: The chairman of India’s largest bank SBI, Rajnish Kumar, said on Saturday that he has got the RBI’s plan related to the private sector. Further, Yes Bank and his legal team are working on it. He said that SBI has informed the stock exchanges that the bank’s board has given in-principle approval to work on the possibility of acquiring a 49% stake in Yes Bank.

Yes bank crisis, yes bank latest news

Yes Bank Latest News: SBI will invest Rs 2,450 crore in Yes Bank

Rajnish Kumar said that SBI will invest Rs 2,450 crore in Yes Bank. He assured the bank’s customers that their deposits are completely safe and there is no risk on them.

While tweeting, ANI also wrote- Plan has been received by SBI and the legal team is working on the plan. We had informed through the stock exchange that SBI board has given in-principle approval of exploring possibility of picking up a stake of up to 49% in #YesBank pic.twitter.com/e6zxl9siYv

Earlier, the Reserve Bank (RBI) announced a rescue plan to get Yes Bank out of this crisis. RBI said that the State Bank has expressed a desire to invest in a concerned bank. However, many interested investors have approached SBI after looking at the restructuring scheme of Yes Bank. RBI also said that there would be no compromise with the interests of the shareholders.

The customers are troubled after the limit of withdrawal of only 50 thousand rupees in a month from the bank is fixed. On Saturday too, a large number of people are queuing up outside Yes Bank ATMs across the country. 

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