 "Nirmala Sitharaman")
Finance Minister Nirmala Sitharama assured the depositor that their corpus was safe in YES Bank and the Reserve Bank of India would manage the situation well.
She said that the YES Bank board has been bypassed and former State Bank of India chief financial officer Prashant Kumar has been appointed administrator of YES Bank.
RBI is finding a solution to this, and no depositor will lose any money, she said. She added that the people can withdraw money to deal with tough situations and the cash crunch is being dealt with.
RBI is finding a solution to this, and no depositor will lose any money, she said. She added that the people can withdraw money to deal with tough situations and the cash crunch is being dealt with.
The Reserve Bank on Thursday imposed a
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