MoneyWorks4Me

Yes Bank comes out of moratorium

19 Mar 2020 Evaluate

Yes Bank has resumed all banking services as the moratorium imposed on the lender was lifted on March 18. Besides, the lender would extend banking time for three days starting March 19.

On March 5, the Reserve Bank of India (RBI) had imposed a moratorium as well as superseded the board of the then-struggling Yes Bank. Deposit withdrawals were capped at Rs 50,000 per account apart from other restrictions.

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.

Peers
Company Name CMP
HDFC Bank 722.85
ICICI Bank 1356.60
Axis Bank 1239.50
Kotak Mahindra Bank 412.45
Indusind Bank 967.10
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