The Reserve Bank of India has assured that there is no threat to the deposits of people in the banks, along with this, RBI has tweeted that the Reserve Bank keeps an eye on all banks and deposits of people in banks. There is no danger. The central bank said in the tweet, 'RBI closely monitors all banks. Where depositors here are assured that deposited in a bank there is no danger to their savings. "
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Concerns about the amount of money deposited in banks had increased due to the bankruptcy of the first PMC bank and now RBI's ban on Yes Bank. RBI has tried to address all such concerns of the people through Twitter. RBI made another tweet in which it talked about the media expressing concern about the security of deposits in banks. While the RBI wrote in the tweet, 'Some sections of media expressed concern about the security of deposits in various banks. These concerns are based on analysis, which is flawed.
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The solvency of banks is based on capital to risk-weighted assets (CRAR) internationally, not market cap. It is being told that the RBI recently imposed a one-month ban on Yes Bank. On Friday, the central bank presented a plan to restructure Yes Bank. The board of SBI has given in-principle approval to buy 49% stake in Yes Bank.
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