Yes bank
An advertisement for Yes Bank Ltd. | Bloomberg
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New Delhi: The Reserve Bank 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.

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.


Also read: Modi govt approves rescue plan for Yes Bank, SBI-led consortium to inject capital


 

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