Quick Answer: Will Depositors Lose Money In Yes Bank?

Should I remove money from Yes Bank?

Your money with Yes Bank is absolutely safe, Shaktikanta Das tells depositors.

Mumbai: Reserve Bank of India (RBI) governor Shaktikanta Das on Monday assured all depositors of Yes Bank Ltd that their money is safe and there is no reason to withdraw cash in panic..

Which is the safest bank in India?

List of Best, Safe Banks in India1) HDFC Bank. If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. … 2) State Bank of India. … 3) ICICI Bank. … 4) AXIS Bank. … 7) Kotak Mahindra Bank, IndusInd Bank.

Will depositors get money from Yes Bank?

Mumbai: Reserve Bank of India (RBI) governor Shaktikanta Das on Monday assured all depositors of Yes Bank Ltd that their money is safe and there is no reason to withdraw cash in panic. … On 5 March, RBI imposed a moratorium on Yes Bank and superseded its board, capping all withdrawals by depositors at ₹50,000.

What will happen to Yes Bank depositors?

For example, in the case of YES Bank, depositors are allowed to withdraw up to Rs 50,000 and up to Rs 5 lakh in case of emergencies such as medical treatment or funding higher education or marriage of self or dependents, among other things.

Is money safe in Yes Bank?

Deposits With Yes Bank Are Safe: RBI Governor. Days ahead of a moratorium imposed on Yes Bank Ltd. is set to be lifted, the Reserve Bank of India governor assured depositors that their money is safe and that the regulator stands ready to provide liquidity if needed.

Is FD safe in Yes Bank 2020?

Account holders should know that deposits with Yes Bank are insured for up to Rs 5 lakh by the DICGC. DICGC insures all deposits such as savings, fixed, current, recurring, etc. … The deposits in the joint account and his individual accounts will be insured separately under the DICGC rules for a maximum of Rs 5 lakh.

Who is owner of Yes Bank?

State Bank of India49%Yes Bank/Owners

Can Yes Bank shut down?

The bank cannot be shut down nor can it be merged. It has to be run with global and domestic support,” said the investor mentioned above. … Yes Bank will be managed and run as an independent and private sector bank by a professional board with no interference by SBI in its day-to-day affairs, Kumar said.

What is future of Yes Bank?

It already has an enabling resolution to raise Rs 15,000 crore in capital. “Our pitch to investors is a ready bank with all the vectors in place in a market which is likely to only grow. This bank has had a checkered history but we are hoping investors will ignore the past and look to the future.

What is the position of Yes Bank?

Yes Bank Limited is an Indian Private Sector Bank headquartered in Mumbai, India and was founded by Rana Kapoor and Ashok Kapur in 2004. It offers wide range of banking and financial products for corporate and retail customers through retail banking and asset management services.

Is Axis bank safe after Yes Bank?

RBI has setup a new board for yesbank and brought in several investors. Now coming to Axis bank. Axis bank is a very stable and strong bank as per balance sheet and corporate governance. Don’t panic, everything is fine.