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Govt to approve plan for SBI to buy stake in Yes Bank, says report

Updated : March 05, 2020 06:32 PM IST

The board of SBI, the country's largest lender, is meeting in Mumbai on Thursday, but it could not be immediately ascertained whether the takeover of Yes Bank is on the agenda.
Yes Bank, which is grappling with bad loans, is looking to raise fresh capital but the plans are facing uncertainties.
Mumbai-headquartered Yes Bank was incorporated in 2004. The bank's asset size stood at Rs 3,71,160 crore at the end of June 2019.

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