Your money is safe; Don’t be afraid of Yes Bank customers – Nirmala Sitharaman says your money is safe, the finance minister has said

Money raised by customers who invested in Yes Bank will be safe Nirmala Sitharaman Pledge

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.

Now, SBI and LIC have come forward to buy shares of the consortium Yazwanki. 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. To follow Yes, the bank There is panic among the customers.

In this case, Yes, the bank The finance minister said on the matter Nirmala Sitharaman Said:

Customers investing in Yes Bank will be safe. Customers do not panic. That amount will be returned to the customers. He said that the RBI had taken similar measures to protect the bank’s money.

Steve Austin

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