Bandhan Bank to speculate Rs 300 crore in Yes Bank caught in disaster

by Jeremy Spirogis
India's cleanest city for 4th consecutive time

New Delhi Private sector Bandhan Bank has introduced an funding of Rs 300 crore within the troubled Yes Bank below the restructuring plan of the Reserve Bank (RBI). Bandhan Bank, in a discover despatched to the inventory exchanges late on Friday evening, stated that its board of administrators has permitted the acquisition of 30 crore shares of Yes Bank of Rs 2 every at a premium of eight rupees per share. In this manner, 300 crore rupees shall be invested in Yes Bank by Bandhan Bank.

ICICI Bank, HDFC Ltd, Axis Bank and Kotak Mahindra Bank additionally introduced on Friday to affix SBI-led alliances to put money into Yes Bank. <! –

                 Both ICICI Bank and HDFC will make investments Rs 1,000 crore every in Yes Bank. Axis Bank will make investments Rs 600 crore and Kotak Mahindra Bank will make investments Rs 500 crore.

Earlier on Thursday, SBI had introduced to speculate Rs 7,250 crore in Yes Bank. This is greater than the Rs 2,450 crore funding introduced earlier for the acquisition of 49 per cent stake.

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