Yes Bank Shares Slide 15% After RBI Caps Withdrawals

Yes Bank Ltd shares slid by 15% in opening trade on Friday after the Reserve Bank of India (RBI) placed a moratorium on the private lender on Thursday evening and restricted withdrawals at Rs 50,000 per customer till 3 April 2020. The Reserve Bank of India (RBI) superseded the board of Yes BankNSE -29.89 % and imposed a month-long moratorium, it said in an announcement late on Thursday. It expects to arrive at a credible restructuring plan in the next few days.