New Delhi: RBI has almost ready the bailout plan of YES BANK. According to the information being received, some foreign investors including SBI have given their proposal to RBI for putting money in it.
However, it has not been confirmed yet. SBI can invest around $ 1 billion in YES BANK. An investment of Rs 5 to 7 thousand crores is expected from abroad. YES BANK is also expected to invest in HDFC Group and ICICI Group. Here Rakesh Jhunjhunwala and Radhakrishna Damani have also shown interest in YES BANK.
Now RBI will decide the investment strategy in YES Bank. RBI will review the proposal of all investors. RBI can give a decision on this on 12 March. RBI will shortlist investors. SBI will hold 26-30 per cent equity in YES BANK.
Talking to potential investors, SBI can invest Rs 5000-7000 crore in YES Bank. At the same time, FIIs and PE funds can invest 5000 to 7000 crores. An investment of Rs 700-1000 crore can come from ICICI Pru MF. At the same time, HDFC Group can invest 700-1000 crores. At the same time, Rakesh Jhunjhunwala can invest Rs 350-500 crore and RK Damani Rs 350-500 crore in YES Bank.
