Yes Bank Withdrawal Limit

Mythili Krishnamoorthi is distraught - her family faces a medical emergency and requires a large sum of money. But all her savings are now under a withdrawal moratorium imposed by the Reserve Bank of India (RBI) on Lakshmi Vilas Bank. The Chennai resident is desperate for the banking regulator to approve her plea for exemption to withdraw up to Rs ...

Yes Bank on Wednesday resumed its services as the moratorium imposed on it by the Reserve Bank of India (RBI) was lifted at 6 pm.

Crisis-hit Yes Bank is set to resume full banking operations starting 6 pm today, paving way for its troubled depositors to make withdrawals without any restrictions. The Reserve Bank of India (RBI) had earlier superceded Yes Bank's board and imposed a moratorium on the beleaguered private sector bank, permitting customers to only take out up to Rs...

The moratorium on withdrawals from Yes Bank will be lifted on Wednesday evening after the government notified the restructuring scheme proposed by RBI

The government has notified the reconstruction scheme for crisis-hit Yes Bank and has said that the restrictions on withdrawals from its accounts up to Rs 50,000 will be lifted in "three working days", which is by Wednesday.

Deposits at Yes Bank witnessed a steady decline during the March-September period last year as customers withdrew over Rs 18,100 crore, in a reflection of falling confidence in the bank. Yes Bank, which has been put under a moratorium by the Reserve Bank till April 3, during which customers are not allowed to withdraw more than Rs 50,000, had depos...

State Bank of India (SBI) chairman Rajnish Kumar told NDTV on Monday that the current cap on withdrawals from Yes Bank accounts could be lifted "within a week". In an exclusive interaction with NDTV, the SBI chairman said: "I want to assure Yes Bank customers that once we (SBI) step in they shouldn't worry about money... The financial system is sou...

The RBI has taken control of Yes Bank, after the debt-laden lender failed to raise the capital it needs to stay above mandated regulatory requirements.

Rana Kapoor, the founder of crisis-hit Yes Bank, has been arrested by the Enforcement Directorate after two days of questioning in an alleged bank scam worth Rs 4,300 crore. He will be in their custody till March 11. The Reserve Bank of India (RBI) has capped transactions for every Yes Bank user at Rs 50,000 for a month, till April 3, after the pri...

Congress leader P Chidambaram on Saturday said the government's bailout plan for the crisis-hit Yes Bank was "bizarre", targeting the BJP-led administration over a massive oversight failure that allowed a 35 per cent per year jump in its loan book since 2014.

State Bank of India (SBI) chairman Rajnish Kumar said on Saturday that the lender is conducting due diligence on the governments bailout plan for Yes Bank, and will get back to the Reserve Bank of India (RBI) with comments by Monday. "There are many potential investors who have approached us after looking at the draft scheme," he said during a medi...

A day after the Reserve Bank of India (RBI) superseded its Board and imposed a withdrawal limit of Rs 50,000 for 30 days, crisis-ridden private lender Yes Bank, in a letter to its customers asserted that their deposits are safe. The letter, signed by Prashant Kumar, former CFO of State Bank of India (SBI), who has been appointed as Yes Bank's admin...

The Reserve Bank of India (RBI) on Friday said the State Bank of India (SBI) has expressed willingness to invest in crisis-ridden Yes Bank. In a draft reconstruction scheme for the private lender, the central bank also said that the investor bank shall invest in Yes Bank to the extent that it will hold 49 per cent equity after the infusion. A day a...

A day after the Reserve Bank of India (RBI) suspended the Yes Bank's board for a period of 30 days "owing to serious deterioration in the financial position of the Bank" and imposed a withdrawal limit of Rs 50,000 on its account holders till April 3, Finance Minister Nirmala Sithraman assured depositors that there will be no loss to any Yes Bank de...

The RBI also suspended the private sector lender's board for a period of 30 days "owing to serious deterioration in financial position of the Bank".

Mythili Krishnamoorthi is distraught - her family faces a medical emergency and requires a large sum of money. But all her savings are now under a withdrawal moratorium imposed by the Reserve Bank of India (RBI) on Lakshmi Vilas Bank. The Chennai resident is desperate for the banking regulator to approve her plea for exemption to withdraw up to Rs ...

Yes Bank on Wednesday resumed its services as the moratorium imposed on it by the Reserve Bank of India (RBI) was lifted at 6 pm.

Crisis-hit Yes Bank is set to resume full banking operations starting 6 pm today, paving way for its troubled depositors to make withdrawals without any restrictions. The Reserve Bank of India (RBI) had earlier superceded Yes Bank's board and imposed a moratorium on the beleaguered private sector bank, permitting customers to only take out up to Rs...

The moratorium on withdrawals from Yes Bank will be lifted on Wednesday evening after the government notified the restructuring scheme proposed by RBI

The government has notified the reconstruction scheme for crisis-hit Yes Bank and has said that the restrictions on withdrawals from its accounts up to Rs 50,000 will be lifted in "three working days", which is by Wednesday.

Deposits at Yes Bank witnessed a steady decline during the March-September period last year as customers withdrew over Rs 18,100 crore, in a reflection of falling confidence in the bank. Yes Bank, which has been put under a moratorium by the Reserve Bank till April 3, during which customers are not allowed to withdraw more than Rs 50,000, had depos...

State Bank of India (SBI) chairman Rajnish Kumar told NDTV on Monday that the current cap on withdrawals from Yes Bank accounts could be lifted "within a week". In an exclusive interaction with NDTV, the SBI chairman said: "I want to assure Yes Bank customers that once we (SBI) step in they shouldn't worry about money... The financial system is sou...

The RBI has taken control of Yes Bank, after the debt-laden lender failed to raise the capital it needs to stay above mandated regulatory requirements.

Rana Kapoor, the founder of crisis-hit Yes Bank, has been arrested by the Enforcement Directorate after two days of questioning in an alleged bank scam worth Rs 4,300 crore. He will be in their custody till March 11. The Reserve Bank of India (RBI) has capped transactions for every Yes Bank user at Rs 50,000 for a month, till April 3, after the pri...

Congress leader P Chidambaram on Saturday said the government's bailout plan for the crisis-hit Yes Bank was "bizarre", targeting the BJP-led administration over a massive oversight failure that allowed a 35 per cent per year jump in its loan book since 2014.

State Bank of India (SBI) chairman Rajnish Kumar said on Saturday that the lender is conducting due diligence on the governments bailout plan for Yes Bank, and will get back to the Reserve Bank of India (RBI) with comments by Monday. "There are many potential investors who have approached us after looking at the draft scheme," he said during a medi...

A day after the Reserve Bank of India (RBI) superseded its Board and imposed a withdrawal limit of Rs 50,000 for 30 days, crisis-ridden private lender Yes Bank, in a letter to its customers asserted that their deposits are safe. The letter, signed by Prashant Kumar, former CFO of State Bank of India (SBI), who has been appointed as Yes Bank's admin...

The Reserve Bank of India (RBI) on Friday said the State Bank of India (SBI) has expressed willingness to invest in crisis-ridden Yes Bank. In a draft reconstruction scheme for the private lender, the central bank also said that the investor bank shall invest in Yes Bank to the extent that it will hold 49 per cent equity after the infusion. A day a...

A day after the Reserve Bank of India (RBI) suspended the Yes Bank's board for a period of 30 days "owing to serious deterioration in the financial position of the Bank" and imposed a withdrawal limit of Rs 50,000 on its account holders till April 3, Finance Minister Nirmala Sithraman assured depositors that there will be no loss to any Yes Bank de...

The RBI also suspended the private sector lender's board for a period of 30 days "owing to serious deterioration in financial position of the Bank".