SBI set to acquire 49% in Yes Bank even as ED raids promoter Kapoor

A day after the RBI superseded the Rana Kapoor-promoted Yes Bank board and capped cash withdrawals at Rs 50,000 (Rs 5 lakh in exceptional situations) and the SBI said it was “exploring an investment opportunity” in Yes Bank, the RBI on Friday came out with a “draft reconstruction scheme” under which SBI will bring in Rs 2,500 crore for a 49% stake in the crisis-ridden private sector bank.

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