Yes Bank has decided to buy 49% stake in SBI and LIC Yes Bank

Shares to buy shares of Yeez Banks facing severe financial crisis SBI The federal government has approved a leadership consortium.

It was reported that SBI and LIC bought 49 per cent stake in Yes Bank. At the price of 1 share Shares Have to buy

Yes Bank is currently in a serious financial crisis. It desperately tried to bring its financial capital to the limits set by the RBI. In November last year, the bank’s board of directors approved raising Rs 14,000 crore to raise capital. However, the target was reduced to Rs 10,000 crore due to lack of expected investment.

For IL and FS only, AATP Group of Companies, Cox & Kings, CG Power, DHFL, Acer Shipping, Macleod Russell Yes, the bank 5,266 crore more than Rs. Some of these companies are in bankruptcy. Thus, the warlock debt of Yes Bank has risen drastically.

2004 by Rana Kapoor and Ashok Kapoor Yes, the bank Turns on. In September 2018, RBI instructed its founder Rana Kapoor to step down as CEO of EES Bank following the growth of Warlock debt.

Since then the bank’s market value has dropped. After the ouster of Rana Kapoor, local investors lost confidence in the bank. As a result, the bank is still recovering.

Rowanat Gil took over as CEO and managing director of the bank in March last year after ousting Rana Kapoor. From this, various initiatives were taken to increase the financial position of the bank.

He recently announced that a new pathway would be born soon. In this case SBI And the LIC consortium has offered to buy shares of YESWANKY. Yes, the debt burden of Yes Bank is Rs 14,700 crore. This is 54.5% of the bank’s asset value.

A few months ago, SPI chief Rajneesh Kumar had said that he would not allow Yavanaki to collapse. This is the continuation of Yes Bank’s shares SBI Offer to buy Shares of Yeez Bank rose 26.96 percent to Tk.37.27.

Steve Austin

Steve is a really a Tech Geek sitting behind this blog with his awesome team, who are passionate about discovering new things online and writing about them. Get most of his Brian by following this blog.

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