(State Bank of India (SBI) chairman Rajnish Kumar said on Monday that the moratorium on Yes Bank could be lifted as early as "within a week". In an interaction with NDTV, the SBI chairman said: "I want to assure Yes Bank customers that once we (SBI) step in they shouldn't worry about money... The financial system is sound." His comments come days after the Reserve Bank of India (RBI) unveiled a bailout plan for Yes Bank, under which SBI will invest up to Rs 10,000 crore in the beleaguered private sector lender. The RBI has taken control of Yes Bank, after the debt-laden lender failed to raise the capital it needs to stay above mandated regulatory requirements.
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'Stepped in due to larger interest of financial system' (02:50)
'Many co-investors willing to put in the money' (08:01)
'SBI with Yes Bank to comfort depositors' (12:58)
'Promoter and enterprise have to be delinked' (17:56)
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