SBI to invest Rs 2,450 crore in Yes Bank: Chairman Rajnish Kumar

State Bank of India chairman, Rajnish Kumar said that the total quantum of investment in Yes Bank is at Rs 2,450 crore. In a press conference held on March 07, Rajnish Kumar said, "Currently, there are 25 percent shares outstanding and as per the draft scheme, SBI can take up to 49 percent. The only requirement is locking 26 percent for three years. Anything above 49 percent will depend on investors. The total quantum of investment in Yes Bank is at Rs 2,450 crore." Reserve Bank of India imposed a month-long moratorium on Yes Bank citing 'serious deterioration in its financial position' on March 05, and capped withdrawal limit at Rs 50,000.