Yes Bank Shares Crash After RBI Places It Under Moratorium

A day after the Reserve Bank of India (RBI) suspended the Yes Bank's board for a period of 30 days "owing to serious deterioration in the financial position of the Bank" and imposed a withdrawal limit of Rs 50,000 on its account holders till April 3, the RBI Governor Shaktikanta Das said the central bank has a scheme to revive the beleaguered lender. "We will take swift action... and we have a scheme in place to revive the bank," news agency Press Trust of India reported quoting Shaktikanta Das.

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