 "YES Bank")
Troubled private sector lender Yes Bank was placed under "moratorium" on Thursday, with the Reserve Bank of India (RBI) capping depositor withdrawals at Rs 50,000 per account for a month and superseding the board with immediate effect.
The RBI took the decision in consultation with the government to protect depositors' interest. The central bank has appointed former SBI CFO Prashant Kumar as the Yes bank's administrator. RBI has been in constant engagement with the Yes bank's management to find ways to strengthen its balance sheet and liquidity
Here's the full text of RBI statement
Here's the full text of RBI statement
The financial position of Yes Bank Ltd.
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