News of relief for Yes Bank account holders ZNDM NEWS |

According to the Reserve Bank of India proposal, Prashant Kumar has been appointed as the new Managing Director (Chief Managing Officer) and Chief Executive Officer of Yes Bank for the next 3 years. RBI will appoint chairman and two directors. As per the approval of the proposal, Mahesh Krishnamurthy and Atul Bheda will be two independent directors of Yes Bank.

Notification has been issued regarding the new plan implemented to bring the Yes Bank, which is facing the crisis. It will be a matter of relief for the bank account holders that the moratorium period will be abolished within 3 days of the issuance of the notification. This means that all restrictions will be lifted from Yes Bank within 3 days of the issuance of notifications, that is, customers will be able to make normal transactions from their account after 6 pm on March 18.
According to the Reserve Bank of India proposal, Prashant Kumar has been appointed as the new Managing Director (Managing Director) and Chief Executive Officer of Yes Bank for the next 3 years. RBI will appoint chairman and two directors. As per the approval of the proposal, Mahesh Krishnamurthy and Atul Bheda will be two independent directors of Yes Bank. The Reserve Bank of India had dissolved its board of directors, prohibiting Yes Bank, which was struggling with cash crisis, besides 50 for bank depositors, A withdrawal limit of Rs. 000 was also fixed. After imposing various restrictions, the RBI issued a statement saying that the board of directors of Yes Bank had been dissolved with immediate effect and Prashant Kumar, former chief finance officer (CFO) of State Bank of India (SBI), was transferred to Yes Bank. Administrator has been appointed. Private banks will also give money to bring Yes Bank back on track- Finance Minister Nirmala Sitharaman told in a press conference on Friday that State Bank of India will buy 49% stake in Yes Bank. SBI will not be able to reduce its stake below 26% for 3 years. Apart from this, private banks will also invest in it. For private banks also the lock-in period will be up to 3 years, but for them the limit of the stake is up to 75%.