TIL Desk/Business/Mumbai/ With normal banking services in Yes Bank to resume at 6 p.m. on Wednesday, the private sector bank”s administrator and new investors assured all deposit holders that their savings in the bank were absolutely safe and customers would have much better experience when they resume usual interaction with the lender.
“There is no need to worry about safety of deposits in the bank. The bank has emerged stronger with the equity support of domestic banks and quick action by the RBI and the government. So when normal banking services resume tomorrow, customers can expect to get much better experience,” Prashant Kumar, Yes Bank administrator and the next MD and CEO of the bank”s newly constituted board, told media persons at a press conference.
Responding to questions whether there would be a flurry of withdrawals from the depositors once normal banking services resume on Wednesday, he said that Yes Bank has sufficient funding lines available with it and based on analytics and positive vibes generated by the restructuring scheme, there would not be a flurry of withdrawals.
