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When the RBI put the draft reconstruction scheme for YES Bank in the public domain, which bank expressed willingness to invest in YES Bank?

1. Axis Bank
2. Allahabad Bank
3. SBI
4. Punjab National Bank

Correct answer: SBI

Solution

In March 2020, RBI placed YES Bank under moratorium and released a reconstruction scheme. SBI expressed willingness to invest in YES Bank and participated in the scheme by acquiring a 49% stake (₹7,250 crore). This was followed by investments from HDFC, ICICI, Axis Bank and other investors.

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