Reserve Bank of India sets Rs 50,000 withdrawal limit for Yes Bank customers

The Reserve Bank of India (RBI) imposed a moratorium on Yes Bank, under which the Yes Bank customers will be able to withdraw just Rs 50,000 from their accounts.

"The bank has experienced serious governance issues and practices. RBI made all efforts to facilitate the restructuring and exploring opportunities to infuse capital to the bank which did not materialise," said RBI. For more, watch this video.