SBI plays godfather to Yes Bank as it gets ready to infuse more capital2 min read . Updated: 09 Jul 2020, 12:34 PM IST
SBI is all set to invest another ₹1,760 crore in the private sector lender’s follow-on public issue scheduled later this month. The private sector lender has said it aims to raise ₹15,000 crore through the FPO
Success has many fathers, but failure can get you a godfather. At least in the case of Yes Bank, this seems to be the case. After being roped in to rescue the troubled private sector lender from the throes of collapse earlier this year, State Bank of India (SBI) has played the role of godfather rather proudly.
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