UNITED WE STAND,DIVIDED WE FALL

• https://www.moneylife.in/article/yes-bank-icici-bank-hdfc-axis-bank-kotak-mahindra-bank-join-sbi-in-infusing-money-for-stake/59702.html
• On 12 March 2020, Moneylife had published the rescue plan of Yes Bank.
•  "The solution proposed was for State Bank of India (SBI) to lead a rescue with private bankers including ICICI Bank, HDFC Bank, Kotak Bank and others chipping in equity, agreeing to commit funds for at least two years and getting a seat on the board. 
• If they are able to pull it off, we will have a unique new model of resolution," we had mentioned.
• Similar to SBI, the private sector lenders are also paying a premium of Rs8 on a share price of Rs2 for buying the 5% stake in Yes Bank.
•  SBI would be investing Rs7250 crore for buying 725 crore shares of Yes Bank. 
• The Authorised share capital of the Yes Bank will be revised upwards from Rs1,100 crore to Rs6,200 crore.