The Reserve Bank of India (RBI) was likely to frame a reconstruction plan for troubled private lender YES Bank and send it to the interested lenders shortly, official sources said on Friday.
"The central bank will send the plan to the lenders or interested investors. The plan will then be sent to the central government for approval," one of the two people aware of the matter said.
The RBI will send the reconstruction plan to YES Bank and lenders who are interested. They will be given an opportunity to raise objections and give suggestions within a time period. The plan