#BreakingNews | Central government imposes order of moratorium on Yes Bank based on RBI application. 
While under moratorium Yes Bank restrained from allowing depositor withdrawals above Rs 50,000.
In certain emergencies, RBI may permit Yes Bank depositors to withdraw more than Rs 50,000 but upto Rs 5 lakh.
RBI says the financial position of Yes Bank has undergone a steady decline.
RBI says Yes Bank’s failure to infuse capital and “regular outflow of liquidity” prompted the imposition of moratorium.
Yes Bank board superseded.
Starting 8 P.M. today, Yes Bank prohibited from making any loans, payments.
#BreakingNews | Government places Yes Bank under moratorium, capped withdrawals at Rs 50,000.
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