YES Bank crisis: How will customers be affected? : News Reel: Business Today
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YES Bank crisis: How will customers be affected?

March 6, 2020
The banking regulator on Thursday superseded the board of the troubled private lender with immediate effect and placed it under a 30-day moratorium. It has also appointed former State Bank of India CFO Prashant Kumar to pull the bank out of a crisis. It has imposed a withdrawal limit of Rs 50,000. The moratorium on YES Bank will be in place from March 5 to April 3, for a period of 30 days. The RBI has asked YES Bank depositors not to panic and said a reconstruction plan for the bank will be drawn up in the next few days. Watch the video for more.



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