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Govt's ability to govern financial institutions exposed: P Chidambaram on Yes Bank crisis

Govt's ability to govern financial institutions exposed: P Chidambaram on Yes Bank crisis

Friday, March 6, 2020, 5:05 PM

Senior Congress leader P Chidambaram hit out at the government on Friday, saying its "ability to govern and regulate financial institutions stands exposed". The comments came a day after Yes Bank was placed under a moratorium, with the Reserve Bank of India (RBI) capping deposit withdrawals at the bank at Rs 50,000 per account for a month and superseding its board.
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