Saturday, March 7, 2020

SBI to buy 49% stake in Yes Bank for Rs 2,450cr

The SBI - which can pick up 49% stake in crisis-hit Yes Bank under the RBI's draft scheme of reconstruction - on Saturday said that all employees of the reconstructed bank shall continue to be in service with same remuneration for a period of at least one year. It said the new board will have CEO and MD, non-executive chairman and non-executive directors.
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