SBI to buy 49% stake in Yes Bank under rescue plan; FM assures depositors

Analysts calculate SBI's investment in Yes Bank would need to total almost Rs 2,500 crore ($339.10 million).

State Bank of India , the country's largest lender, will take a 49 per cent stake in Yes Bank, the Reserve Bank of India (RBI) said late on Friday as it laid out a plan for the rescue of the troubled private lender.

Finance Minister Nirmala Sitharaman at a briefing in New Delhi on Friday said the restructuring plan would be implemented within 30 days.

The RBI sharply increased Yes Bank's authorised share capital, paving the way for the bad-debt laden lender to receive a cash injection after it failed in its months-long attempt to raise enough money to meet