 "YES Bank")
RBI supersedes YES Bank, sets Rs 50k withdrawal limit
The Reserve Bank of India (RBI) on Thursday superseded the board of troubled private sector lender YES Bank and imposed a 30-day moratorium on it “in the absence of a credible revival plan” amid a “serious deterioration” in its financial health. Read more
SBI exploring YES Bank stake
The State Bank of India board has given in-principle approval to consider an “investment opportunity” in YES Bank. In a late night statement on Thursday, SBI, however, said no decision had yet been taken to pick up stake in the bank. Read
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