Federal Bank to invest Rs 300 crore in Yes Bank

According statement this equity commitment is pursuant to the scheme of reconstruction of Yes Bank proposed by the Reserve Bank of lndia and subject to regulatory approvals and other conditions as set out in the Letter. The Union Cabinet on Friday approved a reconstruction plan proposed by the RBI for bailing out fund-starved Yes Bank.

from Banking/Finance-Industry-Economic Times https://ift.tt/2TNm3x8