State Bank of India (SBI) got approval to infuse Rs 7,250 crore into the crisis-hit Yes Bank. SBI, the country’s largest bank, informed about it on Thursday. SBI told BSE, “In the meeting of the executive committee of the Central Board on 11 March it was approved to buy 725 crore shares of Yes Bank at the rate of Rs. 10 per share. The deal is yet to receive regulatory approvals. “
Newz Source: HindustanTimes
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