50 News: RBI caps withdrawals from Yes Bank to Rs 50,000
  • 4 years ago
Customers of Yes Bank continued to panic on Friday after the Reserve Bank of India (RBI) placed restrictions on it due to underperformance. Yes Bank has been placed under a 30-day moratorium by the central bank and the withdrawal limit has been capped at Rs 50,000. The development has triggered panic among investors who have queued up outside ATMs and Yes Bank branches across the country. They are worried that they could lose their savings in the bank. However, top sources have assured that depositors money is safe and that further steps are being taken so that customers do not lose out on interests.