Yes Bank branches will open one hour earlier: Yes Bank informed that its branches will be open one hour earlier at 8:30 hours from March 19 to 21, 2020. The bank on Wednesday (18/03/2020) has also said that it has resumed operations, and all its banking services are available for its customers now.
The bank also extended banking hours across branches for its senior citizen customers, from 19-27 March 2020, 16:30 hours to 17:30 hours.
Yes Bank was placed under a moratorium, with the RBI capping deposit withdrawals at ₹50,000 per account for a month and superseding its board.
The step was taken by the RBI in wake of deteriorating financial conditions, governance issues as well as the outflow of liquidity.
Finally, RBI’s moratorium on crisis-hit private sector lender Yes Bank has been lifted. Yes Bank customers can now withdraw money from ATMs and can access other banking services too.
Yes Bank on Wednesday(18/03/2020) said it has resumed operations, and all its banking services are available for its customers now.
“Our banking services are now operational. You can now experience the full suite of our services. Thank you for your patience and co-operation. #YESforYOU @RBI @FinMinIndia,” the lender tweeted.
The government has also notified the Yes Bank reconstruction scheme last week.
Administrator Prashant Kumar Yes Bank) said on Tuesday that all the ATMs are fully stocked. “There is absolutely no issue on liquidity side from Yes Bank, all our ATMs are full of cash,” he stated in a press conference. He also assured depositors that there was no need to withdraw cash in panic.
Earlier on Monday, Prashant Kumar, in a letter to Yes Bank’s customers, said that the lender has now emerged stronger and that it looks forward to achieving new milestones. “We invite you to any of our 1,132 branches across India from March 19, 2020, post commencement of banking hours to experience the full suite of our services.
Boosted by the development, shares of Yes Bank gained almost 50 percent in intraday trade on Wednesday. The stock price opened with a gain of 9.97 percent and later touched an intraday high of Rs 87.95, rising 49.96 percent on BSE, against the previous closing value of Rs 58.65.
