The RBI on Thursday decide to superseded the board of Yes Bank after the private sector lender ran into trouble after failing to honour it’s financial commitments.
The RBI has also out in a moratorium of Rs 50,000 which can be withdrawn by a depositor of Yes Bank.
At the same time, RBI and Govt is looking to LIC and SBI to pick up a stake in the private sector bank with a lock in period of one year.
#YesBank #RBI #yesbankcrisis #YesBankCollapse #NoBank
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