The country’s largest lender, State Bank of India (SBI) through its wholly-owned investment banking subsidiary SBI Capital Markets had coughed up Rs 1,415 crore in YES Bank’s FPO (Follow-on Public Offerings) of Rs 15,000 crore to bridge its under subscription.

SBI Capital Markets emerged as the fourth largest institutional investor in the public offerings of one of the largest capital raises in India. SBI’s subsidiary now owns 4.70% in the private bank and, is not clear whether it will have separate voting rights in the bank. Earlier, RBI had capped voting rights of SBI at 26%. But, if SBI Capital Markets gets additional voting rights, the Group’s total voting rights will be up to 30.70%.

SBI was holding about 48.21% in the private bank which came down to 30% after the private bank raised additional capital and now, SBI Group stands at 34.70%. U.S. based investor, Bay Tree holds 7.5% and the third-largest institutional shareholder with 5 stakes is LIC.

The Group’s total investment increased to Rs 9,225 crore including the Rs. 6,050 crore as an initial investment for 48.21% stake and an additional of Rs. 1,760 last month, in the, follow on offerings and, Rs. 1,415 crore by its subsidiary SBI Capital in FPO. SBI will hold at least 26% in the bank for a period of three years as per the initial arrangements and it will end up by holding stake for a longer period in the bank if there is no revival.