Deccan Herald : Mar 07, 2020, 04:21 PM
New Delhi: State Bank of India said it will need to invest 24.5 billion rupees if it were to buy a 49% stake in Yes Bank as part of a rescue deal of the troubled lender.SBI Chairman Rajnish Kumar told reporters on Saturday the rescue of Yes Bank was a "must," less than two days after the Reserve Bank of India (RBI) took control of the bank and said it would work on a revival plan.The RBI took over from the bank's board for 30 days and imposed limits on withdrawals to protect depositors."The survival of the bank is a must," SBI Chairman Rajnish Kumar, told reporters at a news conference.