Yes Bank investment meant to ensure system's stability, not RoI: SBI chief's big admission

State Bank of India Chairman Rajnish Kumar on Monday said investments by banks in crippled Yes Bank are being made to maintain financial stability in system, and t guided by principle of return on investment (RoI).

" decision of State Bank of India (SBI) and all or banks coming toger, it is t guided by return on capital principles or investments. It is all guided by providing stability to financial system," Kumar told reporters at listing ceremony of SBI Cards and Payment Services.

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Investment details in Yes Bank

scrip made a weak debut at bourses, plunging nearly 13 per cent, against its issue price of Rs 755. SBI has invested Rs 6,050 crore in crisis-ridden Yes Bank. ICICI Bank, Housing Development Finance Corp Ltd, Axis Bank, Kotak Mahindra Bank, Bandhan Bank, Federal Bank, and IDFC First have also joined SBI-led consortium and invested in Yes Bank.

HDFC will invest Rs 1,000 crore in Yes Bank through a purchase of 100 crore shares. Axis Bank will invest Rs 600 crore by buying 60 crore shares and Kotak Mahindra Bank Rs 500 crore through 50 crore shares. Bandhan Bank will invest ar Rs 300 crore through purchase of 30 crore shares. IDFC First and Federal Bank have invested Rs 250 crore and Rs 350 crore, respectively, in lender.

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