Top headlines: SBI may buy stake in Yes Bank, EPFO cuts interest rate

From SBI likely to buy stake in Yes Bank to Coronavirus' impact on the trade, Business Standard brings you the top headlines of the day

The world added 31,000 ultra-high net worth individuals (UHNWIs) to its fold in 2019. The UN calculated the cost to the world economy because of the coronavirus outbreak. Here is what else is making news this evening.


SBI to bail out Yes Bank?

The government has approved a plan for India’s biggest lender, State Bank of India, to lead a consortium that will buy a stake in troubled Yes Bank Ltd., Bloomberg News reported citing unnamed sources. Shares of State Bank of India (SBI) fell over 5 per cent in the intra-day session to recover later after on