The Reserve Bank of India (RBI) had imposed a withdrawal cap of ₹50,000 on March 5 which will be lifted from tomorrow 6 pm. Kumar said complete normalcy will be restored after the moratorium is removed from tomorrow evening. "All our customers will be able to enjoy the entire banking service," he said.
On the liquidity side, he assured that there is no issue and the bank would not have to depend on any external party for liquidity. In case the requirement arises, liquidity line is available.
Kumar asked customers to not worry and continue doing transactions the way they were doing earlier. He said only 1/3rd of their customers withdrew ₹50,000 during the moratorium. "Customers feedback is that they don't feel the need to withdraw money from bank. We have had higher inflows than outflows in the last few days," he said.
SBI chairman Rajnish Kumar said not even a single Yes Bank share it holds will be sold before the three-year lock-in period.