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RBI imposes moratorium on Yes Bank

Mar 5, 2020, 21:02 IST
PTI
New Delhi, Mar 5 () The Reserve Bank on Thursday imposed a moratorium on troubled lender Yes Bank and capped withdrawals at Rs 50,000, sources said.

The private sector lender has been grappling with mounting bad loans.

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Earlier in the day, sources said SBI along with some other financial institutions would bail out capital-starved Yes Bank, with the government giving the go-ahead. BEN AA

RAM

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