Mumbai: On the Yes Bank crisis, Finance Minister Nirmala Sitharaman said on Friday, “I want to assure that every depositor of Yes Bank’s money is safe. The Reserve Bank has assured me that any customer of Yes Bank will suffer any loss.” It will not happen. The Reserve Bank and the government are looking at the issue of Yes Bank in detail, we have adopted the path which will be in everyone’s interest
The Reserve Bank, as a regulator, is working towards a speedy resolution of the Yes Bank issue, a move that has been taken in the interest of depositors, banks and the economy. Ensuring withdrawal of money in the limit of Rs 50,000 is the first priority for Yes Bank customers.
Earlier, RBI Governor Shaktikanta Das said that the issues related to the bank would be resolved ‘very soon’. He said, “Yes bank will be resolved very fast. We have set a time limit of 30 days to stop this. From the Reserve Bank, you will see action in this direction very soon.
Das told reporters that the decision to ban Yes Bank was not made keeping in mind any single entity, but rather aimed at the ‘broader context’ of maintaining the security and stability of the country’s banking sector and financial system.