- The Reserve Bank of India (RBI) placed in public domain a draft scheme for reconstruction of Yes Bank.
- State Bank of India has expressed its willingness to make investment in Yes Bank and participate in its reconstruction scheme. SBI can invest for up to 49 per cent stake for nearly Rs 2,450 crore. The central bank had invited suggestions and comments from members of public, including the banks’ shareholders, depositors and creditors on the draft scheme. Suggestions will be received by RBI till Monday, March 9, 2020, after which a final call will be taken.
