YES Bank crisis: SBI to take 49% stake, says Rajnish Kumar
  • 4 years ago
A day after imposing moratorium on Yes Bank and restricting withdrawals, the RBI on Friday evening issued a draft reconstruction scheme for the private sector lender and said SBI has expressed its willingness to make an investment. On Saturday, SBI Chiarman Rajnish Kumar said that a plan has been received by the SBI and the legal team is working on the plan. We had informed through the stock exchange that the SBI board has given in-principle approval of exploring the possibility of picking up a stake of up to 49 per cent in Yes Bank. Watch the video.