State Bank of India (SBI) has received approval for purchase of 725 crore shares in Yes Bank at a price of Rs 10 per share subject to all regulatory approvals. The bank’s shareholding will remain within 49% of the paid up capital in Yes Bank. The bank’s Executive Committee of Central Board (ECCB) at its meeting held on March 11, 2020 has approved the same.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.
