“Your money is safe” Finance Minister Nirmala Sitharaman assures Yes Bank depositors

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New Delhi:“Your money is safe” Finance Minister Nirmala Sitharaman assures Yes Bank depositors . Union Finance Minister Nirmala Sitharaman on #YesBank: I want to assure all the depositors that their money is safe, I am constantly in touch with the Reserve Bank of India (RBI). The steps that are taken are in the interest of the depositors, the bank & the economy.

Steps taken by RBI on Yes Bank are in the interest of the depositors. Any depositor whose money is in Yes Bank and needs money for health or wedding will be given support says FM Sitharaman.

It should be noted that the Reserve Bank of India (RBI) superseded the board of Yes Bank NSE -54.89 % and imposed a month-long moratorium, an announcement late on Thursday said.

The RBI on Thursday capped deposit withdrawals at Rs 50,000 per account for a month for customers.

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