Finance Minister Nirmala Sitharaman addresses media on cabinet decisions at Shastri Bhawan, in New Delhi. File Photo. | Photo Credit:
PTI
She said the steps taken are in the interest of depositors, banks and the economy.
Finance Minister Nirmala Sitharaman on Friday assured cash-starved Yes Bank depositors that their money is safe and the RBI is working on an early resolution of the issue.
“I’m in continuous interaction with the Reserve Bank of India (RBI). The central bank is fully seized of the matter and has assured they will give a quick resolution. I want to assure every depositor that their money shall be safe. Their monies are safe,” Ms. Sitharaman told reporters here.
She said the steps taken are in the interest of depositors, banks and the economy.
“We are fully of seized of the development. RBI Gover