YES BANK - Moratorium to be lifted in 3 days

YES BANK  - Moratorium to be lifted in 3 days


 

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Outcome of Cabinet Meeting:

1. Yes Bank Moratorium to be Lifted in 3 days after Notification of Scheme

2. New Board at Yes Bank in 7 days after Notification of the Scheme

3. New Board will have at least 2 Board Members from SBI

4. Proposed Investments are as under:

         SBI - Rs. 7250 crore

         HDFC - Rs. 1000 crore

         ICICI Bank - Rs. 1000 crore

         Axis Bank - Rs. 600 crore

         Kotak Mahindra Bank - Rs. 500 crore

 

 

 

 

 






 

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