Impact of Yes Bank: Poor Administration of BJP Government Edit: PC Chidambaram Review | Former Finn Min and Congress leader P Chidambaram

The financial collapse of Yes Bank BJP The senior Congress leader has said that this shows the poor management of the state’s financial institutions Chidambaram Criticized.

Yes Bank is currently in a serious financial crisis. It desperately tried to bring its financial capital to the limits set by the RBI. In November last year, the bank’s board of directors approved raising Rs 14,000 crore to raise capital. However, the target was reduced to Rs 10,000 crore due to lack of expected investment.

For IL and FS only, AATP Group of Companies, Cox & Kings, CG Power, DHFL, Acer Shipping, Macleod Russell Yes, the bank 5,266 crore more than Rs. Some of these companies are in bankruptcy. Thus, the warlock debt of Yes Bank has risen drastically.

Yes, the debt burden of Yes Bank is Rs 14,700 crore. This is 54.5% of the bank’s asset value. The Reserve Bank and the Ministry of Finance are taking various steps to protect Yes Bank.

Accordingly, customers can make a maximum payment of up to Tk 50,000 from the bank. S Bank has announced that it will remain with the Reserve Bank of India from March to April 7. SBI has decided to buy 8 per cent stake in Yes Bank.

This is the situation today Chidambaram He told reporters:

Not surprisingly, SBI Bank’s government recovery plan to buy 3 percent stake in Yes Bank has come as a major financial crisis. The money that the bank has donated is not an operation of a bank, but an adventure.

The financial collapse of Yes Bank BJP It shows that government financial institutions are operating very poorly. The RBI should direct a thorough investigation into the matter.
In doing so, he said.

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