YES Bank crisis: Sitharaman addresses press conference

Aaj Tak 2020-07-02

Views 1

YES Bank is in the middle of a crisis as the Reserve Bank of India (RBI) has taken over its affairs and placed strict limits on its operations. Finance Minister Nirmala Sitharaman on Friday addressed a press conference and assured Yes Bank depositors that the capping of Rs 50000 is temporary and the government is taking all necessary measures to normalise the situation. Nirmala Sitharaman said that the Reserve Bank of India has assured that reconstruction plan will come into play within the moratorium period and the State Bank of India (SBI) has also expressed willingness to invest in Yes Bank.

Share This Video


Download

  
Report form