YES Bank gets Rs 3,100-cr lifeline from pvt lenders; moratorium to go soon

The YES Bank reconstruction plan will include an equity investment of at least Rs 11,350 crore from various entities, including multiple private lenders.

HDFC, Kotak Mahindra Bank, ICICI Bank, and Axis Bank are among the entities that will come to the rescue of troubled YES Bank, even as the government gave its nod to its revival plan on Friday.

After State Bank of India’s commitment to invest Rs 7,250 crore, the YES Bank reconstruction plan will include an 

equity investment of Rs 3,100 crore from four private lenders. HDFC Ltd and ICICI Bank will invest Rs 1,000 crore each, Axis Bank will chip in with Rs 600 crore, and Kotak Mahindra Bank will put in Rs 500 crore in the equity shares of YES