RBI Draft Resolution Scheme: Revival & Reconstruction Plan For Yes Bank
Sarkari Yojana
Date: 03/16/2020
Yes Bank Ltd. is a banking company registered under the Companies Act, 1956 and carrying on the business of banking in India since its inception but unfortunately, the rapidly deteriorating financial position of Yes Bank Ltd. relating to liquidity, capital, critical parameters, and the absence of any credible plan for infusion of capital has forced the Reserve Bank of India to take immediate action in public interest and particularly in the interest of the depositors. The Reserve Bank has taken several measures to protect the funds of the depositors. Thus, during the period of the moratorium, the Reserve Bank of India framed a scheme of reconstruction or amalgamation of the Yes Bank.
Details Of RBI Draft Resolution Scheme
Name - RBI Draft Resolution Scheme
Launched by - RBI
Beneficiaries - Public
Objective - Reconstruction to protect the public interest
Official Website - https://www.rbi.org.in/home.aspx
Share Capital Of Yes Bank
For helping the Yes bank to regain its position the RBI has taken the following measures in reconstructing the share capital of Yes Bank:-
Authorized Capital shall be altered to Rs.50,00,00,00,000.
The number of equity shares will be altered to 24,00,00,00,000 of Rs.2/- each making it to Rs.48,00,00,00,000 total.
The Investor bank shall invest in the equity of Yes bank to the extent that post-infusion it holds 49% shareholding at a price not less than Rs.10/- ie
Face value of Rs.2/-
Premium of Rs.8/-
The Investor bank shall not reduce its holding below 26% before completion of three years from the date of infusion of the capital.
Details Of RBI Draft Resolution Scheme
Name - RBI Draft Resolution Scheme
Launched by - RBI
Beneficiaries - Public
Objective - Reconstruction to protect the public interest
Official Website - https://www.rbi.org.in/home.aspx
Share Capital Of Yes Bank
For helping the Yes bank to regain its position the RBI has taken the following measures in reconstructing the share capital of Yes Bank:-
Authorized Capital shall be altered to Rs.50,00,00,00,000.
The number of equity shares will be altered to 24,00,00,00,000 of Rs.2/- each making it to Rs.48,00,00,00,000 total.
The Investor bank shall invest in the equity of Yes bank to the extent that post-infusion it holds 49% shareholding at a price not less than Rs.10/- ie
Face value of Rs.2/-
Premium of Rs.8/-
The Investor bank shall not reduce its holding below 26% before completion of three years from the date of infusion of the capital.
Service issue | Complaint | Query | Feedback | Suggestion | Reply