State Bank of India chairman Rajnish Kumar on Saturday said survival of Yes Bank was critical for the financial system and that it will invest ₹2,450 crore immediately, which can later balloon to over ₹10,000 crore depending on the due diligence and final valuation, to pick up 49% in the bank.
Register now to enjoy 3 free articles per month,
or log in to continue reading.
Stay informed with complimentary articles each month
Gain access to our exclusive newsletters delivered directly to your inbox
Be the first to know about all our summits!
Already a Subscriber? Log in