Steps are taken in interest of depositors, bank and economy: FM Sitharaman on Yes Bank crisis

Mar 06, 2020

New Delhi, Mar 06 (ANI): Union Finance Minister Nirmala Sitharaman reacted over Yes Bank crisis, saying that the steps that are taken are in the interest of the depositors, the troubled lender and the economy. “I want to assure all the depositors that their money is safe, I am constantly in touch with the Reserve Bank of India (RBI). The steps that are taken are in the interest of the depositors, the bank and the economy. RBI has assured me that the matter will be resolved soon. Both RBI and Government of India are looking at this. I have personally monitored the situation for a couple of months along with RBI and we have taken the course that will be in everybody's interest,” Sitharaman further said while talking to media.