Yes Bank crisis leads to some serious questions on banking system | Bharat Ki Baat
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Updated at:
06 Mar 2020 08:46 PM (IST)
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Any fiasco in the banking sector eventually takes a toll on the common man and the Yes Bank fiasco has been no different, as people across the country have had to stand in long queues to withdraw their money. Also, both net banking and the bank's mobile app services were down.
The Reserve Bank of India (RBI) on Thursday capped withdrawal from Yes Bank at Rs 50,000 and effected moratorium on Yes Bank from 6 p.m. on Thursday to April 3.
The Reserve Bank of India (RBI) on Thursday capped withdrawal from Yes Bank at Rs 50,000 and effected moratorium on Yes Bank from 6 p.m. on Thursday to April 3.