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    Question

    How much did SBI agree to receive for selling its 13.19%

    stake in Yes Bank to SMBC?
    A тВ╣7,250 crore Correct Answer Incorrect Answer
    B тВ╣8,000 crore Correct Answer Incorrect Answer
    C тВ╣8,889 crore Correct Answer Incorrect Answer
    D тВ╣9,250 crore Correct Answer Incorrect Answer
    E тВ╣9,999 crore Correct Answer Incorrect Answer

    Solution

    As of March 2024, the State Bank of India (SBI) held 23.97% stake in Yes Bank. Under the approved arrangement, SBI agreed to sell 13.19% of its stake to SMBC for тВ╣8,889 crore. This transaction is significant not just for its value but also for its context, since SBI had originally stepped in (along with a consortium of banks) to rescue Yes Bank following its crisis. The deal represents a partial exit strategy for SBI while bringing in foreign capital through SMBC.

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