Explorer

RBI Governor: Yes Bank resolution will be swift

Speaking on the move to take control of Yes Bank, Reserve Bank of India's (RBI) Governor, Shaktikant Das said, "The decision is taken at a 'larger level', not at the individual entity level, the move is aimed at ensuring the safety of the financial system."

The governor expressed confidence that the Yes Bankresolution will be done very swiftly and 30 days has been set as the outer limit.

The Reserve Bank of India on Thursday announced it has superseded the Yes Bank Board of Directors for 30 days and has appointed former SBI CFO Prashant Kumar as the bank's administrator.

India Videos

Breaking: Shreyas Iyer Named India’s T20 Captain, Vaibhav Suryavanshi Earns Maiden National Call-Up
Breaking: Shreyas Iyer Named India’s T20 Captain, Vaibhav Suryavanshi Earns Maiden National Call-Up

New Reels

View More
Sponsored Links by Taboola

Photo Gallery

Videos

Economy News: PM Modi Chairs Key Economic Advisory Council Meeting Amid Global Uncertainty
Global Tensions: Rubio's Remarks on Mojtaba Khamenei Spark Fresh Debate Over Iran's Influence
World Affairs: Iran Rejects Trump Meeting Speculation, Signals Tough Stance on Frozen Assets
Breaking: Shreyas Iyer Named India’s T20 Captain, Vaibhav Suryavanshi Earns Maiden National Call-Up
Breaking: Khan Sir Back in the Spotlight Amid Patna Firing Probe
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather

Top Headlines

'People Sitting Abroad Can't Direct India's Youth; They Won't Be Puppets': BJP Chief's Veiled Jibe At CJP
'People Sitting Abroad Can't...': BJP Chief's Veiled Jibe At CJP After Protest
Multiple People Shot Near Community Festival In Ohio, Police Launch Search For Suspects
Multiple People Shot Near Community Festival In Ohio, Search On For Suspects
Top 10 | ABP LIVE Morning Bulletin: Top News Headlines from 7 June 2026 to Start Your Day - Morning
Top 10 | ABP LIVE Morning Bulletin: Top News Headlines from 7 June 2026 to Start Your Day - Morning
Starvation Fears Grow In Oleshky As Ukraine Urges Immediate Evacuations
Starvation Fears Grow In Oleshky As Ukraine Urges Immediate Evacuations
Embed widget