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Govt notifies Yes Bank reconstruction scheme, bank to resume operations next week
TIWN
TIWN
PHOTO : TIWN
New Delhi, March 14 (TIWN) The government on Saturday notified the scheme of reconstruction for cash-strapped Yes Bank Ltd, paving the way for the lender to resume full operations.
The private sector bank has been put under a moratorium by the Reserve Bank of India since March 5 which has restricted deposit withdrawals. Under the terms of the notified scheme, this moratorium will now be lifted at 6 p.m. on March 18.
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