Union Cabinet approves Yes Bank reconstruction plan

While announcing it, Finance Minister Nirmala Sitharaman said that the scheme's aim is to safeguard depositors and ensure the stability of the financial system. She also said that SBI will have a lock-in period of three years for only 26% of its stake in Yes Bank. For other likely investors, the lock-in period would be 75 per cent till three years.

from Banking/Finance-Industry-Economic Times https://ift.tt/33fR2EZ