Yes Bank Crisis

 Yes Bank, India’s fifth-largest private sector lender, is in the middle of a crisis. Even Indian Barcode Corporation has an account in the bank, but we request you not to panic and be calm. Nobody can take your money away from you.

On 5th March, the RBI restricted withdrawals from Yes Bank to just ₹50,000 per person. The move follows a long period of debt troubles for the bank which struggled to raise additional capital.



What it means for mutual fund investors:

• Several mutual funds have also stopped accepting redemption requests from their schemes into Yes Bank.
• Inflows into Nippon schemes with Yes Bank exposure have also been restricted to ₹2 lakh per investor.