1. RBI announces reconstruction scheme.
2. SBI to invest 49% in the equity.
3. SBI to have 2 directors in the new board.
4. No of Equity share to be altered to 2,400 cr equity shares of Rs.2 Each.
5. SBI's Investment will be at a minimum of Rs. 10/share.
6. All deposits of recast YES bank will continue in the same manner - FM also assures of the same.
7. Objections against this scheme can be filed till 9th March.
8. Employment & salaries of YES Bank employees assured for one year.
0 Comments