Account holders mark time at Yes Bank’s Sagar Tech Plaza Branch in Mumbai on Saturday, March 07, 2020.|Picture Credit: Vijay Bate
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RBI-appointed administrator Prashant Kumar stated that the bank continues to search for capital and called it among his top concerns in addition to restoring depositors’ self-confidence.
Beleaguered private sector loan provider Yes Bank is hopeful of the moratorium being lifted by this Saturday, its RBI-appointed administrator Prashant Kumar said on Monday.
He informed PTI that the final approval from the Reserve Bank to the SBI-led resolution strategy would result in Yes Bank coming out of the moratorium.
He also made it clear that the lifting of the constraints does not hinge on