Yes Bank revival | SBI evaluating draft scheme of reconstruction: Rajnish Kumar

Updated on Mar 07, 2020 04:00 PM IST
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Yes Bank has the potential to come of the administration soon and resume normal banking function, State Bank of India's Chairman Rajnish Kumar said Saturday. “Yes Bank can come out of administration soon,” Kumar told reporters a day after the government unveiled a rescue plan for the crisis-hit Yes Bank under which SBI - the country's largest lender by assets - will pick up a 49 per cent stake in the private sector lender. He said SBI has received the plan on Yes Bank restructuring and is conducting due diligence and will revert to the Reserve Bank of India (RBI) by Monday.

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