MUMBAI, March 7 -- STATE Bank of India, which can pick up 49 per cent stake in crisis-hit Yes Bank under the RBI's draft scheme of reconstruction, has set a maximum investment limit of Rs 10,000 crore for the lender, its Chairman Rajnish Kumar said on Saturday.
Announcing a draft scheme of reconstruction for cash-starved Yes Bank on Friday, RBI said the strategic investor bank will have to acquire 49 per cent stake and it cannot reduce holding to below 26 pc before three years from the date of capital infusion.
SBI's board has already given 'in-principle' nod to explore investment opportunity in Yes Bank.
Kumar said if SBI becomes the sole investor and picks up 49 pc stake, then the immediate investment requirement would be Rs 2,450 cror...