RBI announces draft revival plan for Yes Bank, SBI willing to invest


RBI has recently unveiled the reconstruction plan for YES bank on Friday, it proposes a 49% shareholding of Investor bank, and also reconstituted the authorized capital to 5000 crores. SBI has already expressed its desire to Invest in Yes bank. This news is related to the topic Indian economy of GS 3. The need for better regulatory oversight of banks by RBI can be important for mains.

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