The Reserve Bank of India has set an upper limit to withdraw money on Yes Bank, which is facing a financial crisis. With this, the account holders will not be able to withdraw more than Rs 50 thousand from Yes Bank. This withdrawal limit will be applicable until April 3, 2020. Apart from this, the central bank has also appointed Prashant Kumar, former DMD, and CFO of SBI, as administrator for a month, withholding the rights of the board of directors of Yes Bank.
The interests of Yes Bank's customers will be protected: Chief Economic Advisor
Chief Economic Advisor Krishnamurthy Subramaniam assured the safety of the interests of Yes Bank's customers. He said that bank depositors' money is safe and all options are being considered for restructuring the bank. With this, Subramaniam told reporters after meeting with Finance Minister Nirmala Sitharaman that the Reserve Bank has taken the right steps. All depositors' money is safe. He assured that the interests of customers of the bank will be protected. With this, all options are being considered for restructuring Yes Bank.
First PMC Bank, now Yes Bank: Chidambaram
Senior Congress leader and former Finance Minister P Chidambaram claimed, "BJP has been in power for 6 years. At the same time, their ability to control and regulate financial institutions is getting exposed. "He questioned," First PMC Bank, now Yes Bank. Is the government not worried at all? Can they escape their responsibility? Is there any third bank in the queue now? ''
Rahul Gandhi targets PM Modi writes 'No Yes Bank'
Rahul Gandhi targeted Modi government with Yes Bank. He tweeted and wrote that 'No Yes Bank. Modi and his ideas have destroyed India's economy.
Yes Bank will be resolved soon: Shaktikant Dass
RBI Governor Shaktikanta Das said that the decision regarding Yes Bank was taken on a wider scale, with the aim of ensuring the security of the financial system. Along with this, he said that the Reserve Bank will soon come up with a plan for the revival of Yes Bank.
No Yes Bank.
— Rahul Gandhi (@RahulGandhi) March 6, 2020
Modi and his ideas have destroyed India’s economy.
#NoBank
'Don't worry, your money is safe' FM Nirmala Sitharaman assures Yes Bank depositors
Changes in the price of petrol and diesel for the second consecutive day, know today's price
