SBI to invest Rs 7,250cr in Yes Bank. It makes SBI’s stake up to 49%. SBI will buy 725cr shares at Rs 10 per piece. Other investors to contribute Rs 5000crICICI, HDFC & high net worth individuals Rakesh Jhunjhunwala & R. Damani to contribute. The size of the ‘problem book’ of Yes Bank is estimated at close to Rs 80,000 cr. Yes Bank has been struggling to find investors. On Mar 5, RBI imposed a moratorium on withdrawals. Former SBI executive Prashant Kumar now administers Yes Bank.
