As per a statement by Finance Minister Nirmala Sitharaman, SBI will invest how much per cent equity in Yes Bank with other investors also being invited?
This questions was previously asked in
IBPS Clerk Main (8th Oct 2022)
Explanation:
- The Finance Minister Nirmala Sitharaman had outlined a plan involving State Bank of India's (SBI) investment in Yes Bank to help restructure the troubled bank.
- SBI was proposed to invest 49% equity in Yes Bank as part of the rescue deal, involving other investors too.
- Option 1 (30%), Option 3 (51%), Option 4 (60%), and Option 5 (75%) are incorrect as they do not match the actual investment percentage.
- Option 2 (49%) is the correct answer — SBI aimed to hold up to 49% of equity in Yes Bank.
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By: Parvesh Mehta