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Have set Rs 10,000 cr as upper limit for investment in YES Bank: SBI chief

The SBI chief has also said that the initial investment in YES Bank will be Rs 2,450 crore

Rajnish Kumar
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Rajnish Kumar at a press conference in Mumbai. Photo: Kamlesh Pednekar

BS Web TeamAgencies New Delhi
State Bank of India (SBI) chairman Rajnish Kumar on Saturday said, the bank had received the draft scheme for the reconstruction of troubled private lender YES Bank and a legal team was evaluating the plan and due diligence is underway. He also said that the SBI has set an upper limit of Rs 10,000 crore for investment in YES Bank.

"Plan has been received by SBI and the legal team is working on the plan. We had informed through the stock exchange that SBI board has given in-principle approval of exploring possibility of picking up a stake of upto

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