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ICICI, Axis, Kotak Mahindra banks and HDFC confirm stake buy in Yes Bank

Updated : March 13, 2020 06:51 PM IST

HDFC Bank, ICICI, Bank and Axis Bank today said they will invest Rs 1,000 crore, Rs 1,000 crore and Rs 600 crore, respectively, in Yes Bank
Earlier today, Finance Minister Nirmala Sitharaman announced that the Cabinet had approved Yes Bank's reconstruction scheme.
The FM said that the withdrawal limit on Yes Bank depositors will be lifted three days after the notification of the scheme is issued.

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