A- A A+
Last Updated : Oct 26 2020 10:34PM     Screen Reader Access
News Highlights
PM Modi says India's energy will energize the world; Inaugurates 4th India Energy Forum            Rajnath Singh holds bilateral delegation level meeting with US counterpart Mark Esper; EAM Jaishankar meets his US counterpart Mike Pompeo            Campaigning for 1st Phase of Bihar Assembly Elections in 71 constituencies concludes            BJP sweeps 6th General Council Elections of Ladakh Autonomous Hill Development Council            COVID- 19 recovery rate improves to 90.23%           

National News

Mar 07, 2020
7:41PM

SBI to respond by Monday to 'draft reconstruction plan' for crisis-hit Yes Bank: Chairman Rajnish Kumar

@TheOfficialSBI
State Bank of India Chairman Rajnish Kumar said today that the SBI has got its time till Monday to respond to the draft scheme of reconstruction for crisis-hit Yes Bank. He informed that SBI's investment and legal team is doing due diligence in the matter. 

RBI on Friday introduced a 'draft reconstruction plan' for Yes Bank, under which SBI will buy 49 per cent stake in the troubled Yes Bank with an investment of Rs 2,500 crore. 

AIR Correspondent reports, SBI Chairman Rajneesh Kumar told reporters in Mumbai today that the legal team of State Bank is working on the draft scheme proposed by Bank of India to improve the status of Yes Bank. He has also said that the depositors' money in Yes Bank is completely safe.  

Kumar informed that SBI will invest Rs 2450-2500 crore in the fifth largest private bank in the country. SBI Chairman has said that SBI will try to implement the resolution plan before RBI given deadline of Monday.  


Kumar said that 23 potential investors have approached SBI after looking at the investment plan.  He stated that the SBI may buy 26 or 49 per cent stake in Yes Bank. This is dependent on how much investment is involved.  

SBI is also looking at proposals from investors who have shown interest in buying a stake in Yes Bank.
 

   Related News

Live Twitter Feed

Listen News

Morning News 26 (Oct) Midday News 26 (Oct) Evening News 26 (Oct) Hourly 26 (Oct) (1910hrs)
समाचार प्रभात 26 (Oct) दोपहर समाचार 26 (Oct) समाचार संध्या 26 (Oct) प्रति घंटा समाचार 26 (Oct) (2200hrs)
Khabarnama (Mor) 26 (Oct) Khabrein(Day) 26 (Oct) Khabrein(Eve) 26 (Oct)
Aaj Savere 26 (Oct) Parikrama 26 (Oct)

Listen Programs

Market Mantra 26 (Oct) Samayki 9 (Aug) Sports Scan 26 (Oct) Spotlight/News Analysis 26 (Oct) Employment News 26 (Oct) World News 26 (Oct) Samachar Darshan 22 (Mar) Radio Newsreel 21 (Mar)
    Public Speak

    Country wide 12 (Mar) Surkhiyon Mein 26 (Oct) Charcha Ka Vishai Ha 11 (Mar) Vaad-Samvaad 17 (Mar) Money Talk 17 (Mar) Current Affairs 6 (Mar) Sanskrit Saptahiki 24 (Oct) North East Diary 22 (Oct)