YES Bank customers shocked over moratorium; ATMs, branches run our of cash
Long
queues were witnessed outside YES
Bank ATMs
and branches even as customers expressed shock at the Reserve Bank of
India (RBI) imposed month-long moratorium on withdrawals.
"It
was shocking that the RBI put a limit of Rs 50,000. I have tried to
take out cash from ATMs but they were blocked by YES Bank. NEFT
transactions were also not taking place. I came here at 7 am to
withdraw money," Yogesh Sharma, a YES Bank customer at Fort
Branch in Mumbai told ANI.
"I
will think about continuing my account with YES Bank. I had an
account with YES Bank for two years," he said.
Another
customer said: "It was shocking. I think RBI took the decision
to make YES Bank strong and structured. I believe RBI will protect
depositors' money."
RBI
on Thursday imposed a month-long moratorium on YES Bank citing
"serious deterioration in its financial position".
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