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Which Indian institution is to infuse Rs.7250 Cr into Yes Bank as per the reconstruction plan of the Reserve Bank of India?
A)
LIC Ltd
B)
HDFC Ltd
C)
ICICI Ltd
D)
State Bank of India

Correct Answer : Option (D) - State Bank of India


The Reserve Bank of India drafted a reconstruction plan of Yes Bank recently. As per the plan, the investor bank shall buy 49% stake in Yes Bank.
Recently, the State Bank of India announced that the executive committee of its central board approved for purchase of 725 Crore shares in YES Bank at a price of Rs 10 per share subject to all regulatory approvals. The shareholding of SBI will remain within 49 per cent of the paid-up capital of YES Bank

Published On : July 16, 2021
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