State Bank of India's board on Thursday approved the purchase of 725 crore shares worth Rs. 7,250 crore in Yes Bank. The country's largest lender said its stake in Yes Bank will remain within 49%. As per the draft plan released by the RBI last week, SBI would be required to maintain at least 26% stake for 3 years.
State Bank of India's board on Thursday approved the purchase of 725 crore shares worth Rs. 7,250 crore in Yes Bank. The country's largest lender said its stake in Yes Bank will remain within 49%. As per the draft plan released by the RBI last week, SBI would be required to maintain at least 26% stake for 3 years.
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