YES BANK - Moratorium to be lifted in 3 days
Outcome of Cabinet Meeting:
1. Yes Bank Moratorium to be Lifted in 3 days after Notification of Scheme
2. New Board at Yes Bank in 7 days after Notification of the Scheme
3. New Board will have at least 2 Board Members from SBI
4. Proposed Investments are as under:
SBI - Rs. 7250 crore
HDFC - Rs. 1000 crore
ICICI Bank - Rs. 1000 crore
Axis Bank - Rs. 600 crore
Kotak Mahindra Bank - Rs. 500 crore