Thursday, March 19, 2020

Yes Bank administrator Prashant Kumar reassures safety of deposits

"The bank has ample liquidity and there is no need to depend on external sources," Kumar said in a statement. Kumar, a former SBI official, also said that the moratorium on the lender has been lifted in 13 days because of support from the government, RBI and other financial institutions.

from Banking/Finance-Industry-Economic Times https://ift.tt/2UhGnG0

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