The State Bank of India (SBI) will be the main investor in the bailout plan of Yes Bank. SBI is expected to invest around Rs 10,000 crore in the debt-lending private bank.
Chairman Rajnish Kumar on Monday said in an interview with NDTV that Yes Bank depositors need not worry about money once the SBI formally steps in and that the financial system is sound.
The capitalisation of Yes Bank would require an investment of Rs 20,000 crore to Rs 22,000 crore to meet regulatory capital ratio, he said. Regarding SBI’s investment, he said that State Bank of India, RBI and the government will collectively take a decision.
He said that survival of Yes Bank is crucial for the financial system and many co-investors are willing to join. The moratorium imposed can be lifted as early as one week, he added.
Bargarh: A new artist will be selected to play the mythological character King Kansa during…
Mumbai: Suhana Khan will be making her Bollywood debut with ‘King’ along with her superstar…
New Delhi: After Diljit Dosanjh called out the double standards of Telangana government for banning…
New Delhi: Recent actions and counter-actions in the Russia-Ukraine conflict have pushed the world to the…
Balangir: Three persons were arrested and fake IPS officers’ uniforms along with fake identity cards…
Mumbai: Abhishek Bachchan’s highly-anticipated film ‘I Want To Talk’ released in theatres on Friday, and the…
New Delhi: Accused of giving cash to secure votes ahead of election day in Maharashtra,…
Bhubaneswar: Chief Minister Mohan Charan Majhi attended the ‘Odisha State Day Celebrations’ at the 43rd…