Yes Bank-partnered fintech companies migrate to other banks to resume services2 min read . Updated: 11 Mar 2020, 02:04 PM IST
- One thing common among startups that restored their systems was that they had ties with multiple banks
- PhonePe processed over ₹4,000 cr of transactions in 24 hours after resuming services
NEW DELHI : Around 9.30pm on Thursday, Lalit Keshre, co-founder and CEO of investment platform Groww, got to know of the moratorium that Reserve Bank of India (RBI) had imposed on Yes Bank. He called up his team to assemble at the office immediately. Groww was heavily dependent on Yes Bank for its banking needs.
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