The decision keeps at its core depositors' interest, providing stability to Yes bank and keeping a stable financial banking system, she said.

Union Finance Minister Nirmala Sitharaman said on March 13 that the has approved the Reserve Bank of India's (RBI) reconstruction scheme for Yes Bank.

The decision keeps at its core depositors' interest, providing stability to Yes Bank and keeping a stable financial banking system, she said.

FM Sitharaman said that the State Bank of India (SBI) will invest 49 percent of equity in Yes Bank, with other investors also being invited.

The State Bank of India (SBI)will have a lock-in of three years for upto only 26 percent of the 49 percent of its stake in Yes Bank. For the rest of the investors, the three-year lock-in will be applicable for 75 percent of their investment.

The authorised capital itself of Yes Bank is being raised from Rs 1,100 crore to Rs 6,200 crore in order to accommodate immediate and subsequent capital raising requirement.

Within three days of the notification of the scheme the moratorium placed on Yes Bank will be lifted, the finance minister said. Further, a new board will be constituted within seven days and atleast two directors from SBI will also be a part of it.