SBI chairman comes ahead to assist Yes Bank, dealing with disaster

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

Highlights:

  • SBI chairman comes ahead to assist Yes Bank, dealing with disaster

  • SBI will make investments Rs 2,450 crore in Yes Bank

  • SBI board accredited to take stake

  • Bank wants $ 2 billion to get out of financial disaster

Raj ExpressYes Bank will not be taking the identify of the cloud of bother on Yes Bank, not solely this, however ED's home was raided in opposition to Yes Bank's director for the allegations of cash laundering. During these instances, the State Bank of India (SBI) has now shaped the concept of ​​supporting Yes Bank. <! –

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                 In truth, SBI Chairman Rajnish Kumar has introduced to assist Yes Bank today (Saturday).

SBI Chairman's announcement:

SBI Chairman Rajneesh Kumar today expressed hope to the purchasers of Yes Bank, saying that, "Yes bank depositors' money is completely safe. Now SBI has decided to invest Rs 2,450 crore in the bank in view of Yes Bank's financial crisis. Not only this, up to 49% in Yes Bank The SBI board has also given in-principle approval to take a stake in the project. The team is working on this plan. "

Bank wants 2 billion {dollars}:

Let us inform you that Yes Bank is a non-public financial institution and has been dealing with monetary disaster for a very long time. The financial institution will want about two billion {dollars} to get out of this disaster. If the financial institution will get this quantity, then the financial institution can take out all its debt. At current, the financial institution's affairs are such that, within the final two years, many traders have been talked to, however nobody invested.

SBI Chairman's earlier assertion:

Remind you that in January, SBI Chairman Rajnish Kumar made an announcement that, "Yes Bank will not fail. Yes Bank in the market is an ego bank with a balance sheet of 2.85 lakh crore rupees. If Yes Bank fails then it will have a bad impact on India's economy. Apart from this in December 2019 It was said that SBI will do nothing for Yes Bank. "

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