New Delhi: After being placed under moratorium by the Reserve Bank of India for around two weeks, the crisis-hit Yes Bank resumed operations and all its banking services for its customers on Wednesday.  "Our banking services are now operational. You can now experience the full suite of our services. Thank you for your patience and co-operation. #YESforYOU @RBI @FinMinIndia," Yes Bank posted on its official Twitter handle.


On March 5, the bank was placed under moratorium and withdrawals were capped at Rs 50,000, with higher withdrawals permitted only under certain circumstances. The recent notification means that customers will now be able to withdraw money from Yes Bank ATMs, bank branches and initiate digital transactions including NEFT/IMPS/RTGS.


While replying to a query on Twitter, Yes Bank said that customers will also be able to initiate transactions made through Unified Payments Interface (UPI) on platforms such as Google Pay and PhonePe.

Yes Bank CEO Prashant Kumar on March 17 assured depositors that the bank's ATMs have sufficient cash and there was no liquidity issue. The bank had also informed earlier that 1,132 branches will open at the start of banking hours on March 19 and the lender's net banking services will also be operational from 6 pm on March 18.


"We have made adequate precautions. All our ATMs are full with cash. All our branches have adequate supply of cash. So, from Yes Bank side, there is absolutely no issue on the liquidity front," Kumar told reporters here on Tuesday. He also clarified that there would not be any need to depend on external sources for liquidity.

After the moratorium is lifted, Kumar had said all the customers of the bank would be able to enjoy the entire banking services.


According to Kumar, only one-third of the bank's customers, who could have withdrawn the funds during the moratorium period, have withdrawn money to the extent of Rs 50,000. About the reconstruction scheme, Kumar had said that due to support from the government, the RBI and the other financial institutions, the crisis at the bank was taken care within 13 days.

Under the scheme, Yes Bank has received over Rs 10,000 crore from eight financial institutions, including Rs 6,050 crore from State Bank of India. Shares of Yes Bank jumped over 59 per cent on Tuesday.


ICICI Bank and HDFC ((Rs 1,000 crore each) Axis Bank (Rs 600 crore), Kotak Mahindra Bank (Rs 500 crore, Bandhan Bank, Federal Bank (Rs 300 crore each) and IDFC First (Rs 250 crore) also joined the SBI-led consortium and invested in Yes Bank.