Yes Bank – Indian Public Bank in its hard Times

Yes-Bank taking the breath of people

The crisis of Yes Bank – Indian Public Bank is taking the breath of Indians who have their respective accounts in the Yes bank.yes bank

What is Yes-bank crisis about?

It happened with starting of events where India’s  central bank took control of Yes-bank . So it  is deciding to take over country fifth largest private sector lender Yes-bank on Thursday. Also it  has imposed limits in withdrawals.

This imposition has led to widespread rumours, confusion and wave of fear amongst the account holders.

Services such as online merchant payments and in store QR code-based payments were affected.

Due to this share market seen massive fall regarding shares of yes bank. Earlier the per share value was Rs 404 in August 2019 which is now low of Rs. 65 , with the stock plunging nearly 85%.

The fall wiped out 79.43 billion rupees ($ 1.08 billion) from Yes-Bank’s market value.

Yes, Bank has struggled to raise capital. Thus it   needs to stay above regulatory requirements as it battles high levels of bad loans.

It is facing inability to raise capital.

It has been trying to raise $2 billion fresh capital since last year. Also  in February it has delayed its December -quarter results.

RBI said that it has been in constant touch with the Bank’s management. In order to find ways to strengthen its balance sheet and liquidity.

How will RBI help account holders of Yes-Bank?

The RBI has now selected State Bank of India (SBI), the nation’s largest lender, to lead a consortium. That will inject new capital into Yes Bank, people familiar with the matter said earlier on Thursday

The finance minister of India, Ms. Nirmala Sitharaman asks  to take breath of relaxation. As she assures all account holders of Yes Bank that their deposited money is all safe in hands.

RBI is assuring the Yes Bank customers that a swift revival plan will be implemented within 30 days. The Finance Minister Nirmala Sitharaman have assured Yes Bank depositors that their money is in safe hands.

“I’m in continuous interaction with the Reserve Bank of India (RBI). The central bank is fully inspecting  the matter and is assuring they will give a quick resolution. I want to assure every depositor that their money shall be safe. Their monies are safe. “she assures the Yes bank customers.

Yes-Bank taking the breath of people

The crisis of Yes Bank Indian Public Bank is  taking the breath of Indians who have their respective accounts in the Yes bank.

This happened with starting of events where India’s central bank took control of bank. It is the country fifth largest private sector lender Yes bank on Thursday. It has  imposed limits in withdrawals.

This imposition has led to widespread rumours, confusion and wave of fear amongst the account holders.

Services such as  peer to per payments, online merchant payments are hitting . Also services like in store QR based payments have been affecting till far now.

Share market price has been affecting due to this. With price per share 404 rupees in august 2019 to record low of 5.65 rupees on Friday.

The fall wiped out 79.43 billion rupees ($ 1.08 billion) from Yes Bank’s market value.

Yes, Bank has struggled to raise capital. It needs to stay above regulatory requirements as it battles high levels of bad loans. Therefore it  is facing inability to raise capital.

They  have been trying to raise $2 billion fresh capital since last year.  In February find ways to strengthen its balance sheet and liquidity.

 

The RBI has now selected State Bank of India (SBI), the nation’s largest lender, to lead a consortium. It  will inject new capital into YesBank, people familiar with the matter said earlier on Thursday.

The finance minister of India, Ms. Nirmala Sitharaman to take breath of relaxation. As she assures all account holders of Yes Bank that their deposited money is all safe in hands.

RBI is also assuring the Yes Bank customer that a swift revival plan will be implemented within 30 days. The Finance Minister Nirmala Sitharaman have assured Yes Bank depositors that their money is in safe hands.

“I’m in continuous interaction with the Reserve Bank of India (RBI). The central bank is fully inspecting the matter and is assuring  they will give a quick resolution. I want to assure every depositor that their money shall be safe. Their monies are safe. “she assures the Yes Bank Indian Public Bank customers.

 

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