In a big
announcement, Yes Bank has said that it would be resuming all of its banking
services from March 18, including services on its digital platform...
In a big announcement, Yes Bank has
said that it would be resuming all of its banking services from March 18,
including services on its digital platform. The government had previously
announced that the moratorium on the troubled private sector lender will be
lifted on March 18 under the Yes Bank reconstruction scheme. The Reserve Bank
of India (RBI) had on March 5 put a moratorium on Yes Bank restricting
withdrawals to Rs 50,000 per depositor till April 3, however, Yes Bank appears
to have fast-tracked giving relief to customers, and has also seen its share
price rising by 48.14 percent to Rs 37.85 per share on Monday...
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