The central bank on Thursday imposed a moratorium on Yes Bank that capped deposit withhdrawals at Rs. 50,000 per person. It relaxed the limit for emergencies like medical needs, payment for higher education, or marriage expenses. That is set at Rs. 5 lakh. Kumar assuaged deposit holder worries and said that there monies were safe.from Banking/Finance-Industry-Economic Times https://ift.tt/3aDe8YN
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