Yes Bank to resume ‘normal operations’ from tomorrow

YES Bank administrator Prashant Kumar while addressing press conference in Mumbai

Mumbai (NVI): A huge sigh of relief for all the YES bank customers, as the private sector lender is all set to resume its services and operations from tomorrow at 6 pm.

The administrator of the bank, Prashant Kumar, said at the press conference in Mumbai that the private lender will resume normal operations from 6 pm on Wednesday.

The bank has no liquidity problem, all our ATMs are full of cash, the newly appointed MD and CEO Kumar said adding, “Our customers will be able to enjoy all services available before the moratorium.”

On March 5, RBI had imposed a moratorium on Yes Bank for a period of 30 days, while placing a Rs 50,000 per month withdrawal limit on customers.