Published on 18/03/2020 3:15 | Source: ANI

Yes Bank to resume full banking services from 6 pm today

Posted in Business Videos| #Business

For more videos Subscribe now! and stay connected with us

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel 

Download Telegram App before Joining the Channel

New Delhi :

Yes Bank will resume full banking services from 6 pm on today onwards. On March 5, the Reserve Bank of India (RBI) had imposed a moratorium on Yes Bank, restricting withdrawals to Rs 50,000 per depositor till April 3 in view of its poor financial health due to bad loans. On March 13, the Union Cabinet approved a reconstruction scheme for Yes Bank as proposed by the RBI. On March 16, Yes Bank approved the reconstitution plan, appointing Prashant Kumar as the Chief Executive Officer and Managing Director.