Home World RBI caps withdrawals at Rs 50,000 at Yes Bank

RBI caps withdrawals at Rs 50,000 at Yes Bank

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RBI has appointed deputy managing director and chief finance officer of State Bank of India, Prashant Kumar, as an administrator of the Yes Bank. Although the central bank has said that the moratorium on cash withdrawals will last for 30 days, sources said that a plan involving SBI is in the works.