YES Bank Crisis: RBI promises to protect depositors | Panchnama
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Updated at:
06 Mar 2020 08:08 PM (IST)
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The Reserve Bank of India (RBI) will soon come out with a scheme to revive the capital-starved Yes Bank, Reserve Bank of India (RBI) Governor Shakti Kanta Das said during a press conference on Friday afternoon.
"We took the step (of putting it under moratorium) when we found that Yes Bank efforts were not working. Depositors' interests will be fully protected," Das told the media.
"We took the step (of putting it under moratorium) when we found that Yes Bank efforts were not working. Depositors' interests will be fully protected," Das told the media.