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Absolutely No Worries on Liquidity Front, Says Yes Bank CEO-Designate

Representative image.

Representative image.

In the past three days, more money came to Yes Bank as compared to withdrawals as only one-third of customers withdrew Rs 50,000 from their accounts.

Yes Bank CEO-designate Prashant Kumar on Tuesday said complete operational normalcy will be restored from 6 pm on Wednesday as he emphasised there are absolutely no worries on liquidity front.

In past three days, more money came to Yes Bank compared to withdrawals as only one-third of customers withdrew Rs 50,000 from their accounts.

The moratorium imposed on crisis-hit Yes Bank would be lifted on Wednesday.

SBI and few other private banks have invested in Yes Bank under a revival plan.

SBI Chairman Rajnish Kumar said not even a single Yes Bank share it holds will be sold before three-year lock-in period.

first published:March 17, 2020, 17:05 IST