More investors band together to support Yes Bank.
Global Banking News-March 13, 2020--More investors band together to support Yes Bank
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Global Banking News - 13 March 2020
Seven investors have joined State Bank of India (NSE: SBI) to invest in crisis-hit Yes Bank (YESBANK.NS).
Private lenders including ICICI Bank (NSE: ICICIBANK), HDFC Bank (NSE: HDFCBANK), Axis Bank (NSE: AXISBANK) and Kotak Mahindra Bank, as well as other investors are to join in a plan to refinance Yes Bank, which came close to collapse.
Together, they are to invest more than INR120bn and they will hold more than 49 percent of Yes Bank...
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