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As per a statement by Finance Minister Nirmala Sitharaman, SBI will invest how much per cent equity in Yes Bank with other investors also being invited?

As per a statement by Finance Minister Nirmala Sitharaman, SBI will invest how much per cent equity in Yes Bank with other investors also being invited? Correct Answer 49

  • The Union Cabinet has approved a reconstruction scheme for Yes Bank as proposed by the Reserve Bank of India.
  • Finance Minister Nirmala Sitharaman said that SBI will invest 49 percent equity in Yes Bank with other investors also being invited.
  • The scheme has been approved with the objective of protecting the interest of depositors and providing stability to Yes Bank.

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