On the Yes Bank crisis, SBI Chairman Rajnish Kumar said on Saturday that the money of depositors in Yes Bank is completely safe. He said that SBI will invest Rs 2,450 crore in Yes Bank. A statement said that 245 crore shares can be issued to State Bank at Rs 10 per share of Yes Bank. Its total value will be Rs 2,450 crore. Rajnish Kumar said that the SBI board has given in-principle approval to take up to 49 percent stake in Yes Bank. The legal team is working on this plan.
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