“You will also be able to access all our digital services & platforms,” Yes Bank said on Monday.

Yes Bank customers had been facing a tough time in accessing internet banking, using payment via UPI and withdrawing from ATMs after the RBI’s sudden announcement to curb withdrawals led to a scramble to withdraw money.

Earlier this month, the RBI placed Yes Bank under a moratorium till April 3 following deterioration in the bank’s financial position, and took control of its board. The central bank restricted withdrawals from Yes Bank accounts at Rs 50,000 with few exceptions.

On Friday, the Union Cabinet approved a reconstruction scheme for Yes Bank, as proposed by the RBI.

As part of the RBI-backed rescue plan for the troubled private sector lender, SBI will pick up to 49 per cent in Yes Bank. Yes Bank’s authorised share capital will be revised upwards from Rs 1,100 crore to Rs 6,200 crore.

Besides SBI, several banks and financial institutions including ICICI Bank, Axis Bank and HDFC have committed to pick stakes in Yes Bank.

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These NITs were established in the year 2009 and started functioning from academic year 2010-2011 in their respective temporary campus with very limited space and infrastructure. The projects at the permanent campus could not be completed in the manner envisaged due to late finalization of land required for construction and also the cost approved for construction works was far below the actual requirements.

TWith the approved Revised Cost Estimates, these NITs will be fully functional from their respective permanent campuses by 31st March, 2022. The overall student capacity in these campuses will be 6320.

NITs are Institutions of National Importance known to be among the best teaching Institutions in the field of engineering and technology and have made a remarkable presence with their high-quality technical education. These Institutes are capable of producing high quality technical manpower which will fuel entrepreneurship and generation of job opportunities throughout the country.

The post Cabinet approves Revised Cost Estimates for permanent campus of new NITs appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.