In the wake of the Yes bank crisis after the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india (RBI) placed restrictions following which its shares fell sharply, india NATIONAL CONGRESS' target='_blank' title='congress-Latest Updates, Photos, Videos are a click away, CLICK NOW'>congress leader rahul gandhi slammed the narendra modi government for destroying the economy. rahul gandhi's message hitting out at the Centre came a day after the bank OF INDIA' target='_blank' title='rbi-Latest Updates, Photos, Videos are a click away, CLICK NOW'>rbi placed capital-starved Yes bank under a moratorium and capped monthly withdrawal limits at Rs 50,000 per account.
Earlier in the day, senior india NATIONAL CONGRESS' target='_blank' title='congress-Latest Updates, Photos, Videos are a click away, CLICK NOW'>congress leader and former Finance minister P chidambaram had said the narendra Modi-led nda government's ability to govern and regulate financial institutions had been exposed. P chidambaram said on Yes bank crisis the bharatiya janata party (BJP) has been in power for six years. Their ability to govern and regulate financial institutions stands exposed.
The bank OF INDIA' target='_blank' title='rbi-Latest Updates, Photos, Videos are a click away, CLICK NOW'>rbi on thursday placed Yes bank under a moratorium and decided that Yes bank depositors would not be allowed to withdraw more than Rs 50,000 per account for a month. However, for purposes like marriage, and health emergencies, exceptions can be made. The bank will also be able to pay salaries to its over 20,000 employees and also rents, it clarified. Besides this, Yes bank will not be able to grant or renew any loan or advance, make any investment, incur any liability or agree to disburse any payment.
