Why Yes Bank collapsed and how to check bank's financial health

Aaj Tak 2020-07-02

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Yes Bank, weighed down by an increasing pile of bad debt, has struggled for months to raise the capital it needs to stay above regulatory requirements, without any success. On Thursday, the Reserve Bank of India (RBI) took control of Yes Bank, imposed limits on withdrawals to protect investors and said it would work on a revival plan. The move led to a 56% fall in Yes Bank's share price on Friday, and spooked depositors, who rushed to withdraw funds from the bank. Analysts said the move to bring in SBI to stabilise things was a good first step but more funds would be needed to bailout the lender. Here's what our experts have to say.

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