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In pics: Yes Bank Crisis: Customers queue up at ATMs across the country

Here are pictures of depositers waiting outside Yes Bank ATMS and branches after the withdrawal limit was capped at Rs 50,000.
Mar 6, 2020 / 01:35 PM IST
The Reserve Bank of India on March 5 imposed a moratorium on the capital-starved Yes Bank, capping withdrawals at Rs 50,000 per account and superseded the board of the private sector lender with immediate effect. The central bank's move has sparked panic among the bank's customers. Here are pictures of depositors standing outside Yes Bank branches and ATMs across the country on March 6. (Image: PTI)
The Reserve Bank of India on March 5 imposed a moratorium on the capital-starved Yes Bank, capping withdrawals at Rs 50,000 per account and superseded the board of the private sector lender with immediate effect. The central bank's move has sparked panic among the bank's customers. Here are pictures of depositors standing outside Yes Bank branches and ATMs across the country on March 6. (Image: PTI)
Accountholders rushed to branches of the bank and their ATMs in panic to withdraw money on March 6. (Image: PTI)
Accountholders rushed to branches of the bank and their ATMs in panic to withdraw money on March 6. (Image: PTI)
The RBI move will impact many customers, especially retirees, who may have deposited their entire life savings in the bank and are drawing monthly interest payments.
The RBI move will impact many customers, especially retirees, who may have deposited their entire life savings in the bank and are drawing monthly interest payments.
Many industry experts have said the problem is bank-specific and not sectoral. (Image: Reuters)
Many industry experts have said the problem is bank-specific and not sectoral. (Image: Reuters)
Yes Bank was facing problems ever since its co-founder Rana Kapoor exited the bank in early 2019 after he was denied permission for an extension by the RBI. (Image: Reuters)
Yes Bank was facing problems ever since its co-founder Rana Kapoor exited the bank in early 2019 after he was denied permission for an extension by the RBI. (Image: Reuters)
RBI will relax the withdrawal limit for any medical emergencies, higher education fees, up to cap limit of Rs 5 lakh. (Image: Reuters)
RBI will relax the withdrawal limit for any medical emergencies, higher education fees, up to cap limit of Rs 5 lakh. (Image: Reuters)
Many customers are complaining that the bank had not intimated them about the capping of the withdrawal limit.
Many customers are complaining that the bank had not intimated them about the capping of the withdrawal limit.
Drafts and pay orders issued till now will get the full payment. (Image: ANI)
Drafts and pay orders issued till now will get the full payment. (Image: ANI)
Yes Bank has undergone a steady decline due to the inability of the bank to raise capital. (Image: ANI)
Yes Bank has undergone a steady decline due to the inability of the bank to raise capital. (Image: ANI)
Many Yes Bank ATMs have run out of cash. (Image: ANI)
Many Yes Bank ATMs have run out of cash. (Image: ANI)
Bank has also experienced serious governance issues and practices in recent years. (ANI)
Bank has also experienced serious governance issues and practices in recent years. (ANI)
ATM machines were out of order since the back-end technology was updating to implement the withdrawal cap. (Image: ANI)
ATM machines were out of order since the back-end technology was updating to implement the withdrawal cap. (Image: ANI)
The RBI has been engaging with the bank’s management to find ways to strengthen its balance sheet. (Image: Shome Basu)
The RBI has been engaging with the bank’s management to find ways to strengthen its balance sheet. (Image: Shome Basu)
An account holder won’t be entitled to receive any compensation from the reconstructed bank. (Image: Shoma Basu)
An account holder won’t be entitled to receive any compensation from the reconstructed bank. (Image: Shoma Basu)
Customers who had maintained accounts since a decade demanded to know why they weren’t informed earlier. (Image: Shoma Basu)
Customers who had maintained accounts since a decade demanded to know why they weren’t informed earlier. (Image: Shoma Basu)
Yes Bank had postponed its December quarter results announcement to March 14. (Image: Shoma Basu)
Yes Bank had postponed its December quarter results announcement to March 14. (Image: Shoma Basu)
While the finance ministry and the RBI are trying to assuage the concerns of account-holders, a lot of questions still remain. (Image: Shoma Basu)
While the finance ministry and the RBI are trying to assuage the concerns of account-holders, a lot of questions still remain. (Image: Shoma Basu)
Moneycontrol News
first published: Mar 6, 2020 01:35 pm

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