RBI Governor Shakitikanta Das says, swift action has been taken for restructuring of Yes Bank

March 17, 2020 9:13 AM

RBI Governor Shakitikanta Das says, swift action has been taken for restructuring of Yes Bank

Reserve Bank of India Governor Shakitikanta Das yesterday said that swift action has been taken by the RBI in coordination with  Govt of India for the restructuring of Yes Bank Mr Das called for an emergency press meet in RBI headquarters in Mumbai to address two important issues including the Yes Bank restructuring plan and fall out of Corona and its impact on the Indian economy. Addressing the press, the apex Bank Governor reiterated that depositors' money with the Yes bank is absolut...

RBI assures safety of bank deposits in wake of Yes Bank crisis

March 9, 2020 2:36 PM

RBI assures safety of bank deposits in wake of Yes Bank crisis

The Reserve Bank of India (RBI) has assured depositors that there is no concern regarding the safety of their deposits in any bank. The Reserve Bank of India said in a tweet yesterday that as Yes bank's financial matter came up, a concern raised in certain sections of media about the safety of deposits of certain banks. This concern was based on analysis which is flawed. The RBI stated that the solvency of banks is internationally based on Capital to Risk Weighted Assets Ratio (CRAR) an...

Govt assures Yes Bank depositors their money is safe: RBI working on early resolution of crisis

March 7, 2020 8:26 AM

Govt assures Yes Bank depositors their money is safe: RBI working on early resolution of crisis

Finance Minister Nirmala Sitharaman has assured depositors of Yes Bank that their money is safe and said the RBI is working for an early resolution of the crisis.  She said, restructuring plan given by RBI will be implemented in the next 30 days to safeguard the interest of depositors. Briefing media in New Delhi, Ms Sitharaman said, employment, the salary of employees of Yes Bank is assured for one year and deposits, liabilities will be unaffected. She said, Government and RBI were monitoring Y...

All options under consideration for restructuring Yes Bank :CEA Krishnamurthy Subramanian

March 6, 2020 2:25 PM

All options under consideration for restructuring Yes Bank :CEA Krishnamurthy Subramanian

Chief Economic Adviser Krishnamurthy Subramanian has said that all options are under consideration for restructuring Yes Bank and assured that depositors' money is safe.   Talking to reporters in New Delhi today, he said, government and the RBI are working together for the best possible solution. Mr Subramanian said, the RBI has taken right steps. He said, the interest of Yes Bank customers will be protected.