If all goes well, the country’s largest public sector bank SBI will have a stake in Yes Bank. Currently, Yes Bank is stuck in the economic crisis. Bloomberg’s report has made this claim. It has been told in this report that the government has asked SBI to buy a stake in Yes Bank. In such a situation, it is expected that Yes Bank’s financial crisis may end. However, the official statement has not yet come from SBI and Yes Bank.
However, this news has come at a time when recently SBI Chairman Rajnish Kumar said in an interview that Yes Bank will not fail. He said that it is an important bank. Failure of this will not be good for the Indian economy. I am sure some solution will come out.
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