Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1376)

2020-03-09 Banking

1376.

Which bank is to pick up a 49% stake in Yes Bank?

Punjab National Bank

Axis Bank

State Bank of India

Bank of Baroda

Answer: Option

Explanation:

SBI to pick up a 49% stake in Yes Bank for Rs 2,450 crore and clarified that all the deposits and liabilities of the reconstructed bank will continuein the "same manner". The crisis-hit Yes Bank was on March 5 superseded by RBI appointed administrator Prashant Kumar.