Kapoor had been questioned by the agency on Saturday.ED arrests Yes Bank founder Rana Kapoor under money laundering charges in Mumbai: Officials Bloomberg | Quint is a multiplatform, Indian business and financial news company. The RBI had on March 5 put a moratorium on Yes Bank restricting withdrawals to Rs 50,000 per depositor till April 3. “All of us are working towards lifting of moratorium much before the last date that is April 3, and it could be as early as this Saturday,” Kumar told BloombergQuint in an interview. Nifty 11,197.00-3.15. YES BANK offers personal banking, corporate banking & internet banking services including accounts, deposits, credit cards, home loan, personal loans, insurance, etc. Yes Bank comes out of moratorium; lender says all services available now.
Although the bank expects that there may not be a rush to withdraw cash, still it is prepared for any possible surge in withdrawals. YES Bank under a month-long moratorium Thursday was an eventful day for the crisis-hit lender owing to merger-related speculations, but it ended with crippling the private bank’s most unsuspecting stakeholders—its depositors. Prior to this, on March 5, the RBI placed Yes Bank under a moratorium, restricting withdrawals to ₹50,000 per depositor till April 3. The Reserve Bank of India today removed the moratorium imposed on Yes Bank, thereby enabling customers to access full banking services from March 19.The customers can start doing normal transactions as they were doing before.
You can now experience the full suite of our services. NSE Gainer-Large Cap . (1/2)RBI closely monitors all the banks and hereby assures all depositors that there is no such concern of safety of their deposits in any bank. ... MITC available on www.yesbank.in for charges as applicable) and will be payable on the due date at the end of the moratorium period. Solvency of banks is internationally based on Capital to Risk Weighted Assets (CRAR) and not on market cap. He doesn’t foresee any issue on the liquidity front, with added “lines of comfort” from both RBI and the Reserve Bank of India in a tweet reassured all depositors that their deposits are safe in any bank.
It has been more than 6 months already. (2/2)Over the weekend, the lender published a list of FAQs to help customers understand the impact of the moratorium on services. Reserve Bank of India under Sub-section (1) of Section 45 of the Banking Regulation Act, 1949, the Government of India has made an Order of Moratorium in respect of Yes Bank Ltd. under Sub-section (2) of the said Section for the period from 5th day of March 2020 … Thank you for your co-operation.“All of us are working towards lifting of moratorium much before the last date that is April 3, and it could be as early as this Saturday,” Kumar told BloombergQuint in an interview.Kumar assured Yes Bank’s customers that their deposits are “absolutely safe”, and that they can withdraw up to Rs 50,000 this month, as per the RBI-imposed cap.
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The moratorium on Yes bank Ltd. could be lifted as early as this Saturday, according to Reserve Bank of India-appointed administrator Prashant Kumar.
Yes Bank founder Rana Kapoor, arrested under money laundering charges, was remanded in the Enforcement Directorate's custody till March 11 by a Mumbai court on Sunday. (Express photo/Javed Raja/File) The moratorium imposed by the Reserve Bank of India (RBI) on Yes Bank is likely to be lifted by the end of this week or early next week, with the RBI and State Bank of India (SBI) in the final stages of working out a strategy to bail out the troubled private sector bank..
New Delhi: Yes Bank customers will be able to access full banking services from Wednesday evening, as the moratorium will be lifted earlier. However, the government in a notification on Saturday said the moratorium will be lifted by 18:00 hrs on March 18. Besides, the central bank directed the lending institutions to exclude the entire moratorium period from March 1 to August 31 from the calculation of 30 … Benchmarks . This concern is based on analysis which is flawed. For reprint rights: RBI withdraws moratorium on Yes Bank, banking services restoredRBI grants Priority Sector Lending status to startupsHas PMC Bank issue been sorted by the RBI. Defending the timing of Yes Bank's moratorium, Reserve Bank of India governor Shaktikanta Das on Friday assured swift resolution to the issues concerning the … Yes Bank issue was sorted by RBI in less than 2 weeks!Hope YES bank will publish its daily withdrawal versus fresh deposit figure on day to day basis for next 15 days.
We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences.Customers stand in line outside a Yes Bank branch in Mumbai, India, on March 6, 2020.