Yes Bank – The Full Story Uncovered

But with the crisis in the banking sector following Yes Bank now, the rhetoric has changed and it has now become that depositor’s money is not safe in any bank to be it private or public. Well, that’s really bad news for any big nation’s economy as banks play a very important role in economic development. The damage to the confidence of depositors in banking has been done.

Yes Bank has piled up a huge number of exceedingly bad loans and NPAs (Non-Performing Assets) that bank has now come into ICU and is currently under the scrutiny of RBI – Reserve Bank of India who has drafted a plan to rescue the bank from sinking in the nasty pool of mud that it has created through an alleged criminal conspiracy involving top stakeholders of Yes Bank and some big stressed and debt-ridden companies.