SBI Chairman Rajnish Kumar attends to the media in Mumbai on March 7, 2020.|Image Credit:
Vivek Bendre
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” Our financial investment and legal team is doing due diligence,” he says.
State Bank of India, which can pick up an optimum 49%stake in struggling lender Yes Bank, according to the Reserve Bank of India’s draft reconstruction scheme, sees an optimal financial investment of10,000 crore in the bank, its chairman Rajnish Kumar has actually stated.
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” We have actually gotten draft scheme of reconstruction for Yes Bank. Our investment and legal team is doing due diligence,” Mr Kumar said in an interview.
RBI on Friday announced a draft strategy that put the authorised capital for the reconstructed bank at 5,000 crore with 2,400 crore equi