Former RBI governor Bimal Jalan blames Yes Bank for the crisis

"I don't think we should blame RBI or finance ministry for Yes Bank crisis. For Yes Bank crisis, Yes Bank is responsible," Jalan said. Facing the collapse of the fourth largest private lender, the Reserve Bank had sacked Yes Bank management and placed it under an administrator in the evening of March 5 with a 30-day moratorium.

from Banking/Finance-Industry-Economic Times https://ift.tt/3agpJgs