Tag: Withdrawal Limits From Banks

YES-BANK
RBI caps withdrawals from Yes Bank; supersedes board

Mumbai: Troubled private sector lender Yes Bank was placed under a “moratorium” on late Thursday, with the RBI capping depositor withdrawals at Rs 50,000 per account for a month and superseding the board with immediate effect. The Reserve Bank of India (RBI) took the decision in consultation with the government to protect depositors’ interest. The […]

  • Monday, 19 April 2021
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