Reportedly the crisis-hit bank announced on social network, "You can now make withdrawals using your Yes bank Debit Card both at Yes bank and other bank ATMs. Thanks for your patience."The move will help out worried customers who have been lining in long queues ever since the bank OF INDIA' target='_blank' title='rbi-Latest Updates, Photos, Videos are a click away, CLICK NOW'>rbi imposed a moratorium on the private bank.
Since friday, panicked Yes bank customers were seen queuing up at the bank's ATMs at various locations, but to no avail, as most cash-dispensing machines ran dry. customers also faced trouble because net banking services were not working and some even complained that their credit cards were also not working. The crisis-hit Yes bank, which failed to garner investor support in raising capital, was on thursday superseded by a Reserve bank appointed administrator, in consultation with the central government, and customers have been restricted with a withdrawal cap of Rs 50,000 only till april 3.
The State bank of india (SBI) on saturday announced it will pick up a 49 per cent stake in Yes bank for Rs 2,450 crore and clarified that all the deposits and liabilities of the reconstructed bank will continue in the "same manner". The sbi also said that a board of directors will be constituted at the reconstructed Yes bank comprising chief executive and managing director, non-executive chairman and non-executive directors.
