Cabinet approves reconstruction scheme for Yes Bank
The Union Cabinet on Friday approved reconstruction scheme for Yes Bank under which SBI will acquire 49 per cent stake in the crisis-ridden private sector bank. Finance Minister Nirmala Sitharaman said the Union Cabinet has approved the reconstruction scheme for Yes Bank as suggested by the Reserve Bank. On March 5, the RBI imposed a moratorium on Yes Bank, restricting withdrawals to Rs 50,000 per depositor till April 3. READ MORE
Cabinet clears 4% DA hike for central government employees
The Union Cabinet on Friday approved 4 per cent hike in dearness