Federal Bank to invest Rs 300 crore in Yes Bank
Updated : March 14, 2020 04:39 PM IST
The union cabinet on Friday approved a reconstruction plan proposed by the RBI for bailing out fund-starved Yes Bank.
The authorised capital of Yes Bank has been increased to Rs 6,200 crore, union minister Nirmala Sitharaman said on Friday.
Under the plan, state-run SBI will infuse Rs 7,250 crore in the crisis-ridden private bank and take 49 per cent equity.