Prashant Kumar takes charge as Yes Bank administrator

The private sector lender was on Thursday placed under a moratorium, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board. Kumar taking charge as the Yes Bank administrator is in line with notifications issued by Department of Financial Services and the RBI.

from Banking/Finance-Industry-Economic Times https://ift.tt/2TvKHCp