ఈ YES బ్యాంకు కు ఏమైంది?||Sensational Facts behind YES Bank Crisis||
On the advice of the Reserve Bank of India (RBI), the government imposed a moratorium on Yes Bank with effect from 6 p.m. on March 5 up to April 3. Subsequently, the RBI superseded the private sector lender’s board and appointed as an administrator, Prashant Kumar, who was serving as chief financial officer and deputy managing director at State Bank of India (SBI). Mr. Kumar resigned from the SBI to assume charge as the administrator of Yes Bank. Under the moratorium, deposit withdrawals have been capped at ₹50,000. Within 24 hours, the RBI proposed a reconstruction scheme under which SBI could take a maximum 49% stake in the restructured capital of the bank.
As on March 31, 2014, the bank’s loan book was ₹55,633 crore and deposits were ₹74,192 crore. Since then, over the next five-and-a-half years, the loan book expanded fourfold to ₹2,24,505 crore as on September 30, 2019, at the end of the second quarter of the current financial year, while deposit growth failed to keep pace and increased less than three times to ₹2,09,497 crore. The bank is yet to announce results for the third quarter.
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ఈ YES బ్యాంకు కు ఏమైంది?||Sensational Facts behind YES Bank Crisis|| On the advice of the Reserve Bank of India (RBI), the government imposed a moratorium on Yes Bank with effect from 6 p.m. on March 5 up to April 3. Subsequently, the RBI superseded the private sector lender’s board and appointed as an administrator, Prashant Kumar, who was serving as chief financial officer and deputy managing director at State Bank of India (SBI). Mr. Kumar resigned from the SBI to assume charge as the administrator of Yes Bank. Under the moratorium, deposit withdrawals have been capped at ₹50,000. Within 24 hours, the RBI proposed a reconstruction scheme under which SBI could take a maximum 49% stake in the restructured capital of the bank. As on March 31, 2014, the bank’s loan book was ₹55,633 crore and deposits were ₹74,192 crore. Since then, over the next five-and-a-half years, the loan book expanded fourfold to ₹2,24,505 crore as on September 30, 2019, at the end of the second quarter of the current financial year, while deposit growth failed to keep pace and increased less than three times to ₹2,09,497 crore. The bank is yet to announce results for the third quarter.