SBI can invest up to Rs 10,000 cr in Yes Bank for its bailout and revival

Published On: Saturday, March 7, 2020 | By: Team KnowMyStock

SBI chairman Rajnish Kumar said the survival of Yes Bank was of utmost importance, adding that failure would have huge consequences for the Indian economy. Assuming that YES Bank issues 20,000 million shares at Rs 10 each (face value: Rs 2), the total capital raised will be Rs 20,000 crore. And for a 49 percent stake, SBI will need to put in about Rs 10,000 crore, Kumar told the media elaborating on plans for an RBI-initiated reconstruction roadmap.SBI's investment quantum would be determined by the interest shown by other investors and YES Bank's total capital requirement. Kumar said many potential investors evinced interest in YES Bank after seeing RBI's draft scheme and have also approached SBI. It is worth mentioning here that YES Bank has a strong retail franchise and a robust technology platform.

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