Yes Bank Withdrawals Capped At Rs. 50,000, RBI Takes Over Board | Read

The government on Thursday imposed a withdrawal limit of Rs 50,000 for depositors of beleaguered private lender Yes Bank. According to an official notification issued by the finance ministry on Thursday evening, the cap will stay in effect till 3 April, 2020. The restriction is part of an order of moratorium issued by the government which also stayed the "commencement or continuance of all actions and proceedings" against the bank.