• About Us
  • Share Your Story
  • Advertise with US
  • Career
  • Contact Us
startup insider
  • Home
  • News & Updates
  • Startup Stories
  • Interviews
  • Events & Conferences
  • PodCast
  • Press Release
  • Gues Post
No Result
View All Result
  • Home
  • News & Updates
  • Startup Stories
  • Interviews
  • Events & Conferences
  • PodCast
  • Press Release
  • Gues Post
No Result
View All Result
startup insider
No Result
View All Result
Home News & Updates

Yes Bank to resume full banking services from 18 March

in News & Updates
1
Yes Bank
Share on FacebookShare on Twitter

It seems like the reconstruction plan of RBI to revive Yes Bank has worked successfully after getting multiple investments. There is a piece of good news for the customers having bank accounts in YES Bank. The Reserve Bank of India has assured Yes Bank customers that its services will once again start from 18th March at 6 pm.

yes bank

RelatedPosts

Singapore’s GIC to set up $3 billion India-focused public market fund: Report

Beauty brand Plum Raises 110 Crore in Series B Funding

Google May Acquire ShareChat in RS. 7,600 crore

RBI Governor Shaktikanta Das said that Yes Bank has enough cash and also advised state governments to not withdraw money from it. After this, people would be able to withdraw more than 50,000 rupees from the account and can use the online portal of yes Bank too!

shaktikanta das

Shaktikanta Das said that all the restrictions on Yes Bank would get lifted on 18th March and the new board of Yes bank will take administration on 26th March. Shaktikanta said that liquidity would be provided to the Bank if needed. Apart from this, he said that the money deposited by the customers in Yes Bank is entirely safe and no one needs to panic.

Read More:- Microsoft Co-Founder Bill Gates Leaves Board

yes bank

LTRO (Long Term Repo Operation) will get implemented to enhance liquidity in the banking system. On 23rd March, RBI will put $ 2 billion into the market through dollar-rupee swapping. The private sector bank is in good health, and Yes Bank has sufficient cash. Yes Bank will be provided money as per requirement. Further Shaktikanta das stated that the cases of PMC and Yes Bank are different, and both of them cannot be compared.

YES Bank received multiple funding from potential investors

yes bank

Potential investors like Bandhan Bank, ICICI Bank, SBI, Axis Bank and LIC came forward to invest in Yes Bank. Among all the investors, SBI has spent the most significant amount (7250 crores), which will help gain 49% shares. As per the reconstruction process initiated by Reserve Bank of India, three-fourth of the total investment capital will get locked for a tenure of 3 years.

Tags: Axis bankHDFCICICIinvestment capitalinvestorpotentialRBIshaktikanta dasyes bank
ShareTweetShare
Previous Post

Microsoft Co-Founder Bill Gates Leaves Board

Next Post

Get Your Cycle EV Customized at a Fraction of cost

Harsh Verma

Harsh Verma

Related Posts

GIC
News & Updates

Singapore’s GIC to set up $3 billion India-focused public market fund: Report

November 30, 2020
plum
News & Updates

Beauty brand Plum Raises 110 Crore in Series B Funding

November 29, 2020
Sharechat
News & Updates

Google May Acquire ShareChat in RS. 7,600 crore

November 29, 2020
ola electic
News & Updates

Ola Is Planning To Launch Its First Electric Scooter In January 2021

November 29, 2020
scapic
News & Updates

Flipkart Acquires AR Startup Scapic to Enhance The Shopping Experience

November 21, 2020
startup insider
News & Updates

5 Ultimate Strategies to Make Your Startup Successful

November 21, 2020
Next Post
chakara

Get Your Cycle EV Customized at a Fraction of cost

ADVERTISEMENT
  • banksathi

    Despite Covid-19 challenges, Banksathi founders committed to their Craft

    1 shares
    Share 0 Tweet 0
  • Unique Hobbies Based Startup HOBBYHUB

    1 shares
    Share 0 Tweet 0
  • Amazon All Set To Enter India’s Food Delivery Market

    1 shares
    Share 0 Tweet 0
  • Tim Cook Confirms: First Apple Retail Store To Be Opened By 2021

    1 shares
    Share 0 Tweet 0
  • Ashish Rudhra: India’s Fastest Growing Digital Marketer

    65 shares
    Share 65 Tweet 0
Internship

Why internship.co.in is The Best Internship Platform in India

January 17, 2021
Biggbang

How BiggBang Coworking Aims to help Startups in Chandigarh

January 16, 2021
pratik

DigiTecholic, Inc. Founder & CEO Pratik Sinha is India’s ninth youngest self-made millionaire

January 14, 2021
startup insider

Startup Insider is a prominent news website which deals with startup news, stories, interview tips, gives the latest update about events and conferences. We aim to provide significant knowledge and information to the people who visit this website.

Contact us for story and interview or advertisement media@startupinsider.in

Categories

  • Events & Conferences
  • Gues Post
  • Interviews
  • News & Updates
  • Press Release
  • Startup Stories

Recent News

Internship

Why internship.co.in is The Best Internship Platform in India

January 17, 2021
Biggbang

How BiggBang Coworking Aims to help Startups in Chandigarh

January 16, 2021
  • About Us
  • Contact Us
  • Interview
  • Share Your Story
  • Advertise with Us
  • Career
  • Privacy
  • Terms of Use

© 2020 Startup Insider

No Result
View All Result
  • Home
  • News & Updates
  • Startup Stories
  • Interviews
  • Events & Conferences
  • PodCast
  • Press Release
  • Gues Post

© 2020 Startup Insider