After PMC Bank, yet another bank - Yes Bank has crashed down. This was India’s fourth largest private bank and raises questions on the whole banking system which is currently going through a crisis. In this video, I explain the full story of Yes Bank, its past and present and what was the reason behind this NPA and Bad Loan crisis. Why do Depositors always have to suffer? As an emergency measure, RBI has put Yes Bank under moratorium and imposed a withdrawal limit of Rs 50,000 per month. RBI said this was necessary because of a serious deterioration in Yes Bank's financial position. How many more banks will collapse in the future and is your money safer with the banks? Kuvera App download:
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