YES బ్యాంక్ పునరుద్ధరణ అయ్యేపనేనా?||Will YES bank restructuring succeed?||
Finance Minister Nirmala Sitharaman on Friday said that the Union Cabinet has approved the reconstruction scheme for Yes Bank as proposed by the Reserve Bank of India and the moratorium will be lifted within three days after the notification is issued.
Hours after the Cabinet approved restructuring scheme for YES Bank, private lenders ICICI Bank, HDFC, Kotak Mahindra Bank and Axis Bank came to the cash-strapped bank's rescue.
ICICI Bank said its board has approved investing Rs 1,000 crore in Yes Bank. "This investment is likely to result in ICICI Bank Ltd holding in excess of 5 per cent shareholding in Yes Bank," the lender said in a regulatory filing.
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YES బ్యాంక్ పునరుద్ధరణ అయ్యేపనేనా?||Will YES bank restructuring succeed?|| Finance Minister Nirmala Sitharaman on Friday said that the Union Cabinet has approved the reconstruction scheme for Yes Bank as proposed by the Reserve Bank of India and the moratorium will be lifted within three days after the notification is issued. Hours after the Cabinet approved restructuring scheme for YES Bank, private lenders ICICI Bank, HDFC, Kotak Mahindra Bank and Axis Bank came to the cash-strapped bank's rescue. ICICI Bank said its board has approved investing Rs 1,000 crore in Yes Bank. "This investment is likely to result in ICICI Bank Ltd holding in excess of 5 per cent shareholding in Yes Bank," the lender said in a regulatory filing.