TTD withdrew1300 crore from YES Bank just recently
The SBI, which had previously stated its Board was exploring a financial investment in Yes Bank, will pick up a 49%stake, according to the scheme. The offer would be at a rate not less than10 per show stated value of 2. The SBI can not lower its holding listed below 26%prior to completion of 3 years from the date of infusion of the capital, the RBI said. To pick up 49%stake, SBI will need to invest 2,450 crore, sources said.
On March 5, the government had put a moratorium on Yes Bank till April 3 following its deteriorating monetary condition and the banking regulator superseding the board and selected an administrator.
The new Board will have at least six members, an MD & CEO, a non-e