SBI to invest up to Rs 1,760 cr in YES Bank's further public offering

The announcement came after YES Bank said it has received approval from the CRC of the Board of Directors of the Bank for raising funds

State Bank of India on Wednesday said its executive committee of central board has given approval for a maximum investment of up to Rs 1,760 crore in further public offering (FPO) of YES Bank.

The announcement came after YES Bank on Tuesday said it has received approval from the Capital Raising Committee of the Board of Directors of the Bank (CRC) for raising funds by a way of FPO.
 

"Pursuant to the intimation given by YES Bank to the stock exchanges on July 7, 2020 on the issue