Rajnish Kumar on SBI's role in YES bank rescue
- 4 years ago
Shares of Yes Bank plunged on Friday as panicky depositors rushed to withdraw funds a day after the Reserve Bank of India (RBI) imposed a 30-day moratorium on the capital-starved Yes Bank. SBI Chairman Rajnish Kumar told a press conference in Mumbai that the legal team of bank has been doing due diligence on draft scheme proposed by RBI for bringing the bank back to health. Rajnish Kumar on Saturday said that SBI might take 49 per cent stakes in YES Bank. Watch the video to keep a tab on other important news.