The Reserve Bank of India has set an upper limit to withdraw money on Yes Bank, which is facing a financial crisis. Under this, account holders will no longer be able to withdraw more than Rs 50 thousand from Yes Bank. This withdrawal limit will remain in force until 3 April 2020. Apart from this, the central bank has also appointed Prashant Kumar, the former DMD, and CFO of SBI, as the administrator for a month, withholding the rights of the board of directors of Yes Bank.
RBI tightens up on Yes Bank, customers can withdraw 50 thousand only
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