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Category: Economy

India sets out Yes Bank rescue, SBI to take 49% stake

NEW DELHI/MUMBAI – India laid out a rescue plan for Yes Bank (YESB.NS) on Friday under which the State Bank of India (SBI) (SBI.NS) will take a 49% stake in the troubled lender, which is struggling with bad loans. Indian Finance Minister Nirmala Sitharaman said the restructuring plan […]

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