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Now, LIC may be roped in as well to reconstruct Yes Bank

Now, LIC may be roped in as well to reconstruct Yes Bank

Saturday, March 7, 2020, 5:27 PM

State-owned insurer LIC may consider joining RBI efforts to rescue the cash strapped Yes-Bank. This can help to increase capital-infusion under the draft-reconstruction scheme to rescue Yes-Bank designed by the RBI, which was made public on Friday. News-agency IANS quoted official sources as saying that RBI, SBI and finance-ministry-officials were in touch with the insurer to see its interest to participate in the scheme.
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