Cabinet Clears Draft Resolution Scheme for Yes Bank, Provides Relief to Telecom Sector
The draft of the scheme, which was announced a day after RBI imposed a month-long moratorium on the bank, noted that all the employees of Yes Bank shall continue in its service with same remuneration and on same terms and conditions of service.
New Delhi: The Union Cabinet on Friday approved a draft resolution scheme for cash-starved Yes Bank. The scheme was announced a day after the RBI imposed a month-long moratorium on the bank, restricting withdrawals to Rs 50,000 per depositor till April 3.
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