Ban Ends Today – Yes Bank Might Witness Withdrawal Outpouring
The ban imposed on Yes bank by RBI ended on Wednesday. The bank stocks up Rs 30,000 crore to meet cash withdrawals.
The bank is fully prepped-up in case of undue outpouring.
Earlier, Yes Bank CEO Prashant Kumar had mentioned that during the ban phase only a third of the people with more than Rs 50,000 in deposits withdrew their funds.
Noteworthy here, with withdrawals of Rs 72,000 crore, the bank deposits have fallen 34% to Rs 1.37 lakh crore between September 30 and March 5.