2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Punjab National Bank
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Axis Bank
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State Bank of India
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Bank of Baroda
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Detailed explanation-1: -SBI will be issued 245 crore shares at a price of Rs 10 per share for Rs 2, 450 crore. This will be 49 per cent of the share capital of the reconstructed bank, ” the State Bank said in a statement.
Detailed explanation-2: -SBI, which played a key role in bailing out Yes Bank, must hold at least 26% until March 2023, according to the government-approved reconstruction plan.
Detailed explanation-3: -In July 2020, Yes Bank Ltd closed their follow-on public offer (FPO) with 95% subscription, driven by institutional investors. As of 28 July 2020, Yes Bank is an associate of State Bank of India which has a 30% stake in the company.
Detailed explanation-4: -Post March, 2023, SBI stake in Yes Bank will come down to 24%: Prashant Kumar.
Detailed explanation-5: -The near term target would be ₹18.50 and thereafter if given a breakout can further rise till ₹21 to ₹22 zone once again. The support for Yes Bank share price would be maintained near ₹15.50 to ₹20 apiece zone."