Current Context: RBI has imposed restrictions on Yes Bank since the burden of Yes Bank has increased.
- 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.
