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Yes Bank to resume full banking services from today
Updated On: 18 March, 2020 12:10 PM IST | New Delhi | ANI
Yes Bank will resume normal operations from 6 pm on March 18 and it has no liquidity problem

Yes Bank branch in New Delhi. Pic/ AFP
Yes Bank, on which the Reserve Bank of India (RBI) had imposed a moratorium, will resume normal operations from 6 pm on Wednesday. On Tuesday, administrator of the troubled private sector lender, Prashant Kumar, said that Yes Bank will resume normal operations from 6 pm on March 18 and it has no liquidity problem. "Our customers will be able to enjoy all the services available before the moratorium. There is absolutely no issue on the liquidity side from Yes Bank. All our ATMs are full of cash," he had said at a press conference.
Kumar had also said there is no need to worry about deposits. "Complete normalcy will be restored. All branches and employees are ready. If there is too much rush of depositors, the bank branches will remain open on weekends as well," he had added. On March 5, the RBI had imposed a moratorium on Yes Bank, restricting withdrawals to Rs 50,000 per depositor till April 3 in view of its poor financial health due to bad loans. "Only one-third of our customers have withdrawn Rs 50,000 during the moratorium. The customer feedback is that they do not feel the need to withdraw money from the bank. We have had higher inflows than outflows in the last few days," Kumar had stated.
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