Budget 2024: Provide outlays for inclusive growth: YES BANK MD
Govt is expected to remain committed to reforms in sustainable growth, finance, infrastructure, women, youth, farmers, connectivity for 'Viksit Bharat'
Govt is expected to remain committed to reforms in sustainable growth, finance, infrastructure, women, youth, farmers, connectivity for 'Viksit Bharat'
Prashant Kumar, the bank’s administrator, echoed the words of RBI governor Shaktikanta Das that there was no cause for worry about deposits as the moratorium on withdrawals is set to end on March 18.
The beleaguered private bank’s new investors have to deal with the already declining deposit base and mounting non-performing assets.
The government notifies reconstruction scheme with wider room for capital, four board members, and conditional lock-in for the existing shareholders.
The central bank has invited suggestions and comments from members of the public, including the banks’ shareholders, depositors, and creditors on the draft scheme till Monday (March 9).
Thursday was an eventful day for the crisis-hit lender owing to merger-related speculations, but it ended with crippling the private bank’s most unsuspecting stakeholders—its depositors.