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SBI to study viability of buying stake in Yes Bank: source

SBI to study viability of buying stake in Yes Bank: source

Friday, March 6, 2020, 9:30 AM

The board of India' top-lender, SBI , agreed to conduct a viability assessment into buying a stake in troubled private sector Yes Bank Ltd., a source said. Yes Bank shares surged more than 25% after reports emerged that a group led by SBI will inject capital into the bank. SBI shares fell as-much-as 5.4% on the report, before reversing course to close 1% higher.
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