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Can we trust Yes Bank now?
Your money with Yes Bank is absolutely safe, Shaktikanta Das tells depositors. Mumbai: Reserve Bank of India (RBI) governor Shaktikanta Das on Monday assured all depositors of Yes Bank Ltd that their money is safe and there is no reason to withdraw cash in panic.
Is Yes Bank functional now?
Mumbai: Yes Bank on Wednesday said it has resumed operations, and all its banking services are available for its customers now. “Our banking services are now operational. You can now experience the full suite of our services. Thank you for your patience and co-operation.
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| Britannia Inds. | 3,535.00 | 3,556 |
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| Coal India | 146.25 | 149 |
Can I Sell my shares in Yes Bank after 3 years?
According to a notification issued by the Ministry of Finance, 75 per cent of all Yes Bank shares that held in the demat accounts of the investors will be locked for 3 years and can’t be sold. The restriction on share sell will not be applicable on investors holding less than 100 shares of Yes Bank.
What is the lock-in period for Yes Bank shares?
The government reconstruction scheme notified on Saturday for troubled Yes Bank has prescribed a three-year lock-in for all investors, including retail investors, to the extent of 75 percent of their holdings. Only retail investors that hold less than 100 Yes Bank shares are exempted.
There are currently 16 lakh retail shareholders in Yes Bank. Stock score of Yes Bank Ltd moved up by 2 in a week on a 10-point scale. The lender also has over 300 institutional investors, including 253 foreign funds, data from stock exchanges showed.
The restriction on share sell came after the Reserve Bank of India (RBI) first imposed a moratorium, restricting the withdrawal limit at Rs 50,000 from Yes Bank accounts till April 3, 2020.