Erwin Singh Braich (born in 1955) is a Canadian based Businessman from Canada. Moreover, he invested in the top banking institution in different countries. Erwin and SPGP Holding (Hong Kong-based Company) purchased $1.2 billion equity shares of the Yes Bank.
They can raise $2 billion from the shares. The last date bank is binding term sheet extended by December 31, 2019. Rakesh Jhunjhunwala and the Aditya Birla Family office showed interest in the Yes Bank.
Moreover, RBI also approved and eased the investment guidelines for the Indian banks. A single investor can get 40% of the shareholding. In addition to this, a financial entity cap is 10% and a non-financial entity (15%).
However, the bad loans of the Yes Bank increased from 8% to 8.7% in the current financial year. Citax Investment Group and Citax Holdings interested in purchasing $500 million worth shares. As a result, it can help the bank in reducing the pressure of the bad loan.
Trivia, Parents, Early Life & Siblings
Erwin Singh Braich took birth in a Sikh family in 1955 (age 64 years). On the other hand, he resides in Toronto City, Canada.
Erwin’s father, Herman Singh, came from Punjab, India, and settled in Canada. Additionally, he enrolled in a community school. Braich pursued his degree in Business Management from the University.
Spouse, Children & Marriage
Singh cited in one of his interviews about his married lifestyle. Additionally, he told the media that his better half believes in Sikhism.
The couple is also trying to educate their children about Indian culture and heritage.
|Real Full Birth Name||Erwin Singh Braich.|
|Famous for||His investment in the shares of Yes Bank.|
|Date of Birth||1955.|
|Age (As of 2019)||64 years old.|
|Residence Location||Toronto, Canada.|
|Height (Tall)||Feet & Inches: 5' 9".
Centimeters: 176 cm.
Meters: 1.76 m.
|Weight||Kilograms: 70 Kg.
Pounds: 154 lbs.
|Parents||Father: Herman Singh.
Mother: Not Known.
|Personal Life Relationship|
|Wife/Spouse Name||Will Update Soon.|
|Children||Two Children (Name Not Found).|
|Highest Qualification||Finished degree in Business Management.|
|School||High School in Canada.|
|Alma Mater.||Private University.|
|Business Profits & Investments||$7 Million-$12 Million.|
|Net worth||$50 Million-$70 Million US Dollars (USD).|
Some Lesser Known about Erwin Singh Braich
- He developed his true business spirit through his investment policies.
- Therefore, he laid the foundation of Erwin Singh Braich Group of Trust and Companies.
- He described his work style on his official website.
- Moreover, he also has an account on Facebook.
- Erwin is possessive for his reputation and integrity.
- Braich Group of Companies work on the development of 3,055 acres of green land.
- Erwin Singh Braich estimated net worth is $50 Million – $70 Million US Dollars. His secured income valued $7 Million – $12 Million through his business investments and profits.