Yes Bank crisis: Moratorium to be lifted within 3 days of notification of scheme

The government on March 13 approved the reconstruction scheme drawn by the Reserve Bank of India's (RBI) for Yes Bank. Yes Bank was placed under a moratorium earlier this month by the RBI, which took control of the board and also imposed a Rs 50,000-limit on withdrawals from the bank till April 3, sending thousands of depositors scurrying to retrieve their money.

from IndiaTV Business: Google News Feed https://ift.tt/2U35tYR
via Today’s News Headlines