Reserve Bank of India imposed a moratorium on Yes Bank on Friday and capped its withdrawal limit to ₹50,000 per account till April 3rd. The central bank also superseded the Board of Yes Bank. RBI Governor Shaktikanta Das said the central bank will take swift action. Chief Economic Advisor KV Subramanian said the central bank took a 'careful step'.
Yes Bank crisis| Will take swift action: RBI Governor at restructuring plan
Reserve Bank of India imposed a moratorium on Yes Bank on Friday and capped its withdrawal limit to ₹50,000 per account till April 3rd. The central bank also superseded the Board of Yes Bank. RBI Governor Shaktikanta Das said the central bank will take swift action. Chief Economic Advisor KV Subramanian said the central bank took a 'careful step'.
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