Congress attacks govt over SBI's revival fund for crisis-hit YES Bank

The Congress on Friday alleged that the Rs 7,250 crore, which State Bank of India is set to infuse into the cash-strapped YES Bank for its revival, will be provided by the cut in interest rates for over 445.1 million SBI account holders.

Congress' chief spokesperson Randeep Surjewala and the party's leader in Lok Sabha Adhir Ranjan Chowdhury said it was important to understand the "chronology" of the Modi government's "new experiment" of "looting" over Rs 7,000 crore interest from account holders to save a sinking bank.