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SBI says YES Bank rescue math by Monday, due diligence underway

SBI says YES Bank rescue math by Monday, due diligence underway

Saturday, March 7, 2020, 1:12 PM

SBI on Saturday said it has time till Monday to respond back to the Reserve Bank of India(RBI) on the draft scheme for rescue of Yes Bank, India's fifth private lender. SBI Chairman Rajnish Kumar told a press conference in Mumbai that the bank's legal team has been doing due diligence on draft scheme proposed by RBI for bringing the bank back to health.
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