New Delhi: The plan has been told about how the State Bank of India (SBI) will try to save the troubled Yes Bank. SBI can buy 49% shares of Yes Bank. There is also a plan to invest 2450 crores with it. SBI Chairman Rajneesh Kumar also reiterated that at present, there is no threat to the money of the account holders.
Rajneesh said that due to fixing the limit of 50 thousand, Yes bank account holders must be facing problems. But they need not be afraid. Rajnish said that after the government, Finance Minister Nirmala Sitharaman has also assured the people. Rajneesh said that he is also having trouble at the moment, but he also believes that everyone’s money is safe.
There is chaos when a bank sinks. Small or big, every customer of the bank does not want to give up any core effort to get his money back. The latest case is of Yes Bank, which is on the verge of sinking and now RBI will take a decision on it. Currently, the withdrawal limit has been fixed at Rs 50000. Meanwhile, Finance Minister Nirmala Sitharaman has assured the customers that their money will not be lost under any circumstances.
In the press conference, Rajneesh Kumar told that Yes Bank currently needs 20 thousand crores. Currently, an investment of Rs 2450 crore has been planned.
He said that this is an opportunity for those who want to invest in SBI. Rajnish Kumar said that his effort is to get the investment plan passed before the Reserve Bank deadline. Rajneesh Kumar while elaborating the investment plan of SBI said that after considering the investment plan, we will again go to the Reserve Bank on March 9. He said that SBI has told the Bombay Stock Exchange that the SBI Board has given in-principle approval to invest in Yes Bank.
