It was pieced back together by a cast of characters that has largely gone unsung—Kumar, veteran banker Sunil Mehta, chartered accountant Atul Bheda and consultant Mahesh Krishnamurti, along with two independent directors each from the SBI and the Reserve Bank of India (RBI) on the board.
The government stepped in to save a private sector bank (PSB), designed a reconstruction scheme led by the SBI along with other players—HDFC, Axis Bank, Kotak Mahindra Bank, Bandhan Bank, Federal Bank and IDFC First Bank. It got the best industry brains on the bank’s board, which with all unanimous decisions revived YES BANK.
