RBI imposes moratorium on Yes Bank; caps withdrawals at ₹50,0001 min read . Updated: 05 Mar 2020, 08:57 PM IST
- The board of Yes Bank has also been superseded with immediate effect, the Reserve Bank of India (RBI) said in a late evening statement
- The latest development comes six months after the regulator did the same with the city-based cooperative lender PMC Bank after a large scam was unearthed
The Reserve Bank on Thursday imposed a moratorium on the capital-starved Yes Bank and capped withdrawals at ₹50,000 per account till further orders.
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