State Bank of India (SBI) – the nation’s biggest lending institution, in addition to 7 other banks have put in10,000 crore financial investment in struggling Yes Bank in quote to revive the distressed private sector bank.
Also read: Yes Bank posts18,564 cr. Q3 loss
While SBI has actually bought 6,050 crore equity capital, ICICI Bank and home mortgage lending institution Housing Finance Development Corporation (HDFC) has actually put in Rs 1,000 crore each.
Axis Bank – the third biggest private sector bank – has invested600 crore, followed by other private loan providers Kotak Mahindra Bank (500 crore), Federal Bank and Bandhan Bank (300 crore each) and IDFC First Bank (250 crore).
In a late night notice to the exch