YES Bank fiasco

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Mumbai: At Matunga branch of Yes Bank the customers queing up from Morning due to panic, to withdraw their hard-earned money they have deposited in the bank. There was also confusion as the Rs.50K withdrawal announced by the RBI  is a one-time withdrawal or for one month or every month. The RBI should clarify on this at the earliest. Some customers also questioning as to will the apex bank extend the withdrawal date of April 5 or totally withdraw the limit after this date. Many feel it was RBI created confusion and panic by announcing the withdrawal limit and then tell people not to get panic.

 

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