- Private lender Yes Bank, which is under administration, today said it would resume full banking services from 6:00 pm on Wednesday. The announcement comes after several lenders, including State Bank of India (SBI) committed to pick stake in Yes Bank as part of a government-backed rescue plan for the lender.
- "Visit any of our 1,132 branches from Mar 19, 2020, post commencement of banking hours to experience our suite of services," says a Twitter post by Yes Bank.
- "You will also be able to access all our digital services & platforms," Yes Bank said on Monday.
- We will resume full banking services from Wed, Mar 18, 2020, 18:00 hrs. Visit any of our 1,132 branches from Mar 19, 2020, post commencement of banking hrs to experience our suite of services. You will also be able to access all our digital services & platforms@RBI@FinMinIndia
- Yes Bank customers have been facing a tough time in accessing internet banking, using payment via UPI and withdrawing from ATMs after the RBI's sudden announcement to curb withdrawals led to a scramble to withdraw money.
- Earlier this month, the RBI placed Yes Bank under a moratorium till 3 April following deterioration in the bank's financial position, and took control of its board. The central bank restricted withdrawals from Yes Bank accounts at Rs50,000 with few exceptions.
- On Friday, the Union Cabinet approved a reconstruction scheme for Yes Bank, as proposed by the RBI. Source: https://www.domain-b.com/
