 "SBI")
The SBI board has given the largest lender an "in-principle" approval to invest in the capital-starved Yes Bank.
The central board of SBI discussed the matter at a meeting on Thursday, it informed the exchanges.
The announcement came hours after Yes Bank was placed under a moratorium, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board.
"The matter in regard to Yes Bank was discussed at the meeting of the central board of bank on Thursday and an in-principle approval has been given by the board to explore investment opportunity in the bank," the
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