Announced

SBI to invest $809m in Yes Bank.

Synopsis

SBI, a provider of a wide range of banking and financial services to corporate, institutional, commercial, agricultural, industrial and individual customers throughout India, agreed to invest $809m in Yes Bank, a provider of banking services. “We are the largest bank in the country and we have a role to play. Any restructuring plan will now become more credible both with the depositors as well as the potential investors,” Rajnish Kumar SBI Chairman.

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