RBA No. 27/2020 – Supersession of the Board of Directors of YES Bank Ltd.by RBI
Government of India
Ministry of Railways
RBA No. 27/2020
New Delhi, dated 06-03-2020
All Zonal Railways/ PUs
Sub: Supersession of the Board of Directors of YES Bank Ltd.by RBI.
Please find enclosed RBI’s press release dated 05.03.2020 regarding supersession of the Board of Directors of YES Bank Ltd. by RBI for a period of 30 days owing to serious deterioration of the financial position of the Bank.RBI has also imposed a limit of withdrawal amount ( presently 50,000 per month) from the bank.
May like to direct PCPOs and PFAs to take necessary measures to ensure smooth disbursement of salary in March, 2020.
DA: As above
Pr Executive Director/ Accounts