RBI announces draft revival plan for Yes Bank, SBI willing to invest

Reserve Bank of India (RBI placed in the public domain a draft scheme of reconstruction for Yes Bank on Friday, a day after it superseded the board of troubled private sector lenders with immediate effect. At the same time, the central bank said State Bank of India has expressed its willingness to make an investment in Yes Bank and participate in its reconstruction scheme. The draft plan proposes that the investment bank will invest in the reconstructed bank for up to 49 percent stake.