ICCI Bank to invest Rs 1,000 crore in Yes Bank Accordingly, ICICI will buy 100 shares at Rs 10 per share.
It is estimated that at least 20,000 crore is needed to recover the Yes Bank. SBI has announced that it will acquire a 5 percent stake in Yes Bank. Accordingly, SBI’s total investment is Tk 7.25 crore. In view of this, ICICI Bank has announced an investment of Tk 1,000 crore.
Nirmala Sitharaman said yesterday that the Union Cabinet approved the plan to restructure Yes Bank. He said that the restrictions currently being imposed would soon be lifted.