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SBI May Invest Rs 2450 crore To Revive Cash Strapped Yes Bank
After placing moratorium and limiting withdrawals at ₹50,000 on Thursday, the Reserve Bank of India on Friday evening said that the State Bank of India (SBI) would invest up to ₹2450 crore in the cash-strapped Yes Bank. The investment will give 49 per cent of Yes Bank's shareholding to SBI. "The...