Yes Bank crisis: SBI studying YES Bank restricting plan, says Chairman Rajnish Kumar

The Reserve Bank of India on Friday announced a reconstructing scheme for the revival of YES Bank. It said that the State Bank of India had expressed interest to invest in the troubled bank and participate in the reconstruction scheme. State Bank of India Chairman Rajnish Kumar, during a press briefing on Saturday, said YES Bank restricting plan had been received by the state-owned lender and that its legal team was working on it. He also added its total quantum of investment in YES Bank would be Rs 2,450 crore.