<p>The government has notified the Yes Bank reconstruction scheme as per which the moratorium on the troubled private sector lender will be lifted on March 18.</p>.<p>Current administrator Prashant Kumar has been appointed managing director and CEO of the newly-reconstructed board.</p>.<p>The Yes Bank Reconstruction Scheme 2020, shall come into force on March 13, the gazette notification said.</p>.<p>The Reserve Bank of India (RBI) had on March 5 put a moratorium on Yes Bank restricting withdrawals to Rs 50,000 per depositor till April 3.</p>.<p>"The order of moratorium on the reconstructed bank issued by the government...shall cease to have effect on the third working day at 18:00 hours fron the date of commencement of this scheme," the notification said.</p>.<p>The scheme has been notified on March 13 and hence the moratorium will be lifted on the third working day or March 18. </p>
<p>The government has notified the Yes Bank reconstruction scheme as per which the moratorium on the troubled private sector lender will be lifted on March 18.</p>.<p>Current administrator Prashant Kumar has been appointed managing director and CEO of the newly-reconstructed board.</p>.<p>The Yes Bank Reconstruction Scheme 2020, shall come into force on March 13, the gazette notification said.</p>.<p>The Reserve Bank of India (RBI) had on March 5 put a moratorium on Yes Bank restricting withdrawals to Rs 50,000 per depositor till April 3.</p>.<p>"The order of moratorium on the reconstructed bank issued by the government...shall cease to have effect on the third working day at 18:00 hours fron the date of commencement of this scheme," the notification said.</p>.<p>The scheme has been notified on March 13 and hence the moratorium will be lifted on the third working day or March 18. </p>