‘No need to worry about YES Bank deposits’
Prashant Kumar, the bank’s administrator, echoed the words of RBI governor Shaktikanta Das that there was no cause for worry about deposits as the moratorium on withdrawals is set to end on March 18.
prashant kumar
March 2020
YES Bank reports record ₹18,564-crore loss in Q3
The beleaguered private bank’s new investors have to deal with the already declining deposit base and mounting non-performing assets.
YES Bank moratorium ends on March 18
The government notifies reconstruction scheme with wider room for capital, four board members, and conditional lock-in for the existing shareholders.
Yes Bank: RBI releases draft of bailout plan
The central bank has invited suggestions and comments from members of the public, including the banks’ shareholders, depositors, and creditors on the draft scheme till Monday (March 9).
YES Bank under a month-long moratorium
Thursday was an eventful day for the crisis-hit lender owing to merger-related speculations, but it ended with crippling the private bank’s most unsuspecting stakeholders—its depositors.
