LIC may be roped in rescue scheme for Yes Bank

State-owned insurer Life Insurance Corporation may consider joining RBI efforts to rescue Yes Bank.

This can help to increase capital infusion under the draft scheme to rescue Yes Bank designed by the Reserve Bank of India.

Official sources said that RBI, SBI and finance ministry officials were in touch with the insurer to see its interest to participate in the scheme. LIC spokesperson, however, could not be reached for comments.

Read More: https://www.bhaskarlive.in/lic-may-be-roped-in-rescue-scheme-for-yes-bank/