RBA No. 27/2020 – Supersession of the Board of Directors of YES Bank Ltd.by RBI

RBA No. 27/2020 – Supersession of the Board of Directors of YES Bank Ltd.by RBI

Government of India
Ministry of Railways
(Railway Board)

No. 2018/AC-II/9/5/Pt.II

RBA No. 27/2020
New Delhi, dated 06-03-2020

General Managers,
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

(Anjali Goyal)
Pr Executive Director/ Accounts
Railway Board

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