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SBI to invest at least ₹12,000 crore in Yes Bank by April 3, RBI proposes
short by Krishna Veera Vanamali / on Friday, 6 March, 2020
The RBI has released a draft reconstruction scheme for Yes Bank under which SBI will invest at least ₹12,000 crore for a 49% stake in the private lender by April 3. SBI shall not reduce its holding below 26% for three years. Yes Bank's board will be reconstituted and a new MD and CEO will be appointed.
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