Reconstruction plan is being finalized for Yes Bank to overcome the crisis. Reserve Bank of India Governor Shaktikanta Das said that Yes Bank will not be merged with State Bank of India. He said these things during the off-camera conversation with Aaj Tak.
Reconstruction plan is being finalized for Yes Bank to overcome the crisis. RBI Governor Shaktikanta Das says that YES Bank will not be merged with the State Bank of India. He said these things during the off-camera conversation with Aaj Tak.
RBI serious about Yes Bank
Shaktikanta Das says that the plan of reconstruction regarding YES BANK may be announced next week. Shaktikanta Das said that there is no question of merger of Yes Bank with SBI, it is beyond imagination. He said that it will be helped to raise capital to make Yes Bank stand again.
No plan for a merger with SBI
He said that Yes Bank will be assisted by SBI. Apart from this, many more investors can also come forward. Significantly, the board of Yes Bank has been dissolved by RBI and former SBI officer Prashant Kumar has been appointed as Administrator.
RBI has suspended the YES Bank Board for 30 days and appointed an administrator. Account-holders are allowed to withdraw only Rs 50,000 in a month. At the same time, former SBI CFO Prashant Kumar was appointed as the administrator of Yes Bank, which has more than 1,000 branches and more than 1,800 ATMs across the country.
