The Reserve Bank of India (RBI) has imposed a moratorium on the capital-starved Yes Bank and capped withdrawals at Rs 50,000 per account till further orders. The board of Yes Bank has also been superseded with immediate effect. Yes Bank has been grappling with mounting bad loans.
Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.
