"No Yes Bank" says Rahul Gandhi, attacks on Modi Govt

New Delhi: "No Yes Bank," Congress leader Rahul Gandhi said on Friday, taking a dig at the BJP-led government over the moratorium placed on Yes Bank, and alleged that Prime Minister Narendra Modi and his "ideas" had destroyed the country's economy.

"No Yes Bank. Modi and his ideas have destroyed India's economy," the former Congress chief said in a tweet.

https://twitter.com/RahulGandhi/status/1235814953925267459?s=20

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Yes Bank was placed under a moratorium on Thursday, with the Reserve Bank of India (RBI) capping deposit withdrawals at the bank at Rs 50,000 per account for a month and superseding its board.

The bank will not be able to grant or renew any loan or advance, make any investment, incur any liability or agree to disburse any payment during the period.

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For the next month, Yes Bank will be led by RBI-appointed administrator Prashant Kumar, a former chief financial officer of the State Bank of India (SBI).

Asset management companies will request investors having YES Bank accounts to link any other bank to credit the redemption amount and to continue investments in mutual fund schemes.

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According to reports Yeb naks net banking is also slow because customers rapidly trying to withdraw the money. Yes bank posted on twitter a sorry message for inconvenience. Their ATM's are also not working.

Account holders of Yes bank facing trouble in transaction, as the server is down. The heavy traffic is causing problem inmoney transaction.

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