Digital Payments services hit as RBI puts Yes Bank under moratorium

RBI on Thursday night superseded the Yes Bank board and imposed a moratorium for a month as its financials deteriorated. The regulatory action follows an extended period of inability of the bank management to raise funds. The bank has deployed more than 90,000 points of sale machines, 8.27 lakh credit cards and 28.5 lakh debit cards, as per latest RBI data.

from Banking/Finance-Industry-Economic Times https://ift.tt/330dxO7