2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs 7, 250-crore
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Rs 7, 950-crore
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Rs 7, 750-crore
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Rs 8, 250-crore
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Detailed explanation-1: -Speaking to TOI, Yes Bank MD & CEO Prashant Kumar said that the $1.1-billion capital infusion is meant for growth, but it is also a reflection of the confidence marquee investors have in the bank.
Detailed explanation-2: -SBI is allowed to reduce the stake in the YES Bank at the end of Financial Year 2022-23 (FY23) but it may not decide about that this financial year due to volatile market conditions. State Bank of India (SBI), which currently holds 26 per cent stake in the YES Bank, will not take a decision to sell its stake this year.
Detailed explanation-3: -Additionally, the three-year lock-in period for the bank’s shareholders will also expire in March 2023. Shares of Yes Bank are trading 5.6 percent lower at Rs 22.60. Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18.