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SBI May Buy 49% Stake In Yes Bank: Chairman Rajneesh Kumar

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SBI chairman Rajnish Kumar said on Saturday that the bank’s board has given permission to explore the possibility of acquiring a 49% stake in the troubled Yes Bank. He said, “Our legal team is working on this scheme … and we are ready to invest ₹ 2450 crore in Yes Bank.” Rajneesh said the account holders’ money is safe.

Newz Source: ThePrint

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