Reserve Bank of India Imposes Restrictions on YES Bank

Published on March 06, 2020
Current Context: RBI has imposed restrictions on Yes Bank since the burden of Yes Bank has increased.
Reserve Bank of India Imposes Restrictions on YES Bank
  • RBI has allowed to Yes bank customers that they can withdraw only Rs 50,000/- from their accounts. However, an account holder can withdraw more than Rs 50,000/- for following three reasons: A) Medical treatment. B) Educations. C) Marriage. However, it is mandatory to get RBI approval for same. 
  • The private sector Yes Bank has been banned for 30 days.

Static Part: 

  • HQ of Yes Bank: Mumbai
  • CEO and MD of Yes Bank: Ravneet Gill.

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