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The Effects Of The Yes Bank Crisis

The Reserve Bank Of India has placed Yes Bank under moratorium and has restricted withdrawals from Yes Bank to just ₹50,000 per person. The move follows a long period of debt troubles for the bank which struggled to raise additional capital. But what are the effects of the Yes Bank crisis?

First Published Mar 6, 2020, 6:46 PM IST | Last Updated Mar 6, 2020, 6:46 PM IST

The Reserve Bank Of India has placed Yes Bank under moratorium and has restricted withdrawals from Yes Bank to just ₹50,000 per person. The move follows a long period of debt troubles for the bank which struggled to raise additional capital. But what are the effects of the Yes Bank crisis?