Question
Download Solution PDFWhen the RBI placed in the public domain a draft scheme of reconstruction for Yes Bank. Which bank expressed its willingness to make an investment in Yes Bank and participate in its reconstruction scheme?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDF- The RBI placed in the public domain a draft scheme of reconstruction for Yes Bank on 6 March 2020, a day after it superseded the board of Yes Bank with immediate effect.
- SBI has expressed its willingness to make an investment in Yes Bank and participate in its reconstruction scheme.
- Currently, Yes Bank's largest investor is the State Bank of India (SBI) with over 27.97 lakh shareholders. As of March 31, 2023, SBI holds 26.14% of Yes Bank.
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