"YES Bank Resolution Will Be Swift", Says RBI Governor

Reserve Bank of India governor, Shaktikanta Das expressed confidence that the YES Bank resolution will be done very swiftly and 30 days has been set as the outer limit.

Speaking on the move to take control of YES Bank, Reserve Bank of India's (RBI) Governor, Shaktikanta Das said, "The decision is taken at a 'larger level', not at individual entity level, the move is aimed at ensuring safety of financial system."

Meanwhile, shares of Yes Bank cracked almost 70 per cent and fell to a low of Rs 10.40. The shares were extremely volatile and some brokerages have pegged the price of the stock at just Re1.

GoodReturns.in