Hopeful of moratorium on the private sector lender being lifted by Saturday: Yes Bank administrator
Image Credit: shortpedia
The administrator of Yes Bank Prashant Kumar said he is hopeful of the moratorium on the private sector lender getting lifted by the weekend. Kumar said merging Yes Bank with itself will have a negative impact on SBI & an independently running institution should continue to do so after some help. Kumar was appointed as the administrator by RBI after it suspended Yes Bank's board after finding no headway in capital raising plans.