Here's what we can deduce of Moratorium on Yes Bank
Shortpedia
Content Team
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The decision of the Reserve Bank of India to take control of Yes Bank temporarily can be seen as a necessary step to safeguard the depositors and their interests. The moratorium, imposed on the bank under section 45 of the Banking Regulation Act, 1949, is effective till April 3. Yes Bank is quite a large bank with a balance sheet size of more than Rs 4 lakh crore hence, the merger of Yes Bank with another bank is a possibility.
