SBI to infuse Rs.725 Cr into Yes Bank
The Reserve Bank of India drafted a reconstruction plan of Yes Bank recently. As per the plan, the investor bank shall buy 49% stake in Yes Bank.
Recently, the State Bank of India announced that the executive committee of its central board approved for purchase of 725 Crore shares in YES Bank at a price of Rs 10 per share subject to all regulatory approvals. The shareholding of SBI will remain within 49 per cent of the paid-up capital of YES Bank.