Yes Bank customers shocked as RBI supersedes board of Yes Bank

After Reserve Bank of India (RBI) on Thursday imposed a month-long moratorium on Yes Bank citing "serious deterioration in its financial position", capping the withdrawal limit rushed to the ATMs for withdrawing cash, it left the customers dumbstruck as many claimed that the bank did not give any prior information about it.

RBI on Thursday said a "moratorium" has been imposed on Yes Bank stressing that the bank's financial capability has undergone a steady decline largely due to the inability of the bank to raise capital.