Yes Bank customers throng branches after RBI puts restriction on withdrawal
Lucknow/UNI: Customers of Yes Bank rushed to their branches on Friday after they were informed through media and other sources, that RBI has put restriction on their withdrawal till April 3.
Large number of customers, several of them senior citizens, queued up before the branches at Hazratganj at Tulsi Theatre and in front of the Raj bhawan colony before the bank opened at 1000 hours.
The branch officials informed the police to provide security and thereafter, the customers were allowed to enter the branch.
On Thursday, RBI had 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.
Meanwhile, Reserve Bank of India (RBI) governor Shaktikanta Das on Friday said the crisis-hit Yes Bank will be revived by the country's central bank very "swiftly" and "fast".
Addressing media a day after reports claimed the State Bank Of India (SBI) and Life Insurance Corporation (LIC) are likely to buy 49 per cent stake in Yes Bank, Das said, "Swift action will be taken to revive Yes Bank."
"It will be done very swiftly and fast. We have given 30 days as the outer limit," he said.
In a major crisis for Yes Bank, the government on Thursday imposed a withdrawal limit of Rs 50,000 for depositors of the beleaguered private bank.
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