Friday, March 6, 2020

Yes Bank explains dos and don'ts for customers on its website: Here are the full details

​In order to placate its depositors, Yes Bank's website is showing the ​Directive under Section 35A of the Banking Regulation Act, 1949. The directive explains that the RBI, with powers vested to it under the Banking Regulation Act, 1949, has decided to curb Yes Bank's power to grant loans, or enter into new agreements.

from Banking/Finance-Industry-Economic Times https://ift.tt/38ttfCC

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