Yes Bank customers can pay credit bill, loan repayments through other bank accounts
New Delhi: Crisis-hit Yes Bank said on Tuesday that customers could now make payments towards their credit card and loans through other bank accounts, days after prominent banking services were curtailed after the RBI imposed moratorium on the lender.
The announcement comes as panic gripped the bank's customers, who queued before ATMs and bank branches to withdraw money. They were also not even able to access Internet banking and other services like digital payments through another party's platform. Forex services and credit card purchases, among others, were also impacted.
"Inward IMPS/NEFT services have now been enabled," Yes Bank tweeted. "You can make payments towards YES Bank credit card dues and loan obligations from other bank accounts. Thank you for your co-operation."
The Reserve Bank of India had put a moratorium last Thursday on the cash-strapped Yes Bank, imposed withdrawal restriction of Rs 50,000 only till April 3 and superseded its board through appointment of an administrator.
However, the bank has now said that its ATMs are fully up now and customers can withdraw the stipulated amount from other banks' ATMs as well.
During the moratorium period, Yes Bank will not be able to grant or renew any loan or advance, make any investment, incur any liability or agree to disburse any payment.
As per the RBI's draft reconstruction scheme, State Bank of India will pick up 49 per cent stake in the crisis-ridden Yes Bank under a government-approved bailout plan by infusing capital of Rs 2,450 crore.
The bank's financial health is not sound as it has failed to raise enough capital under the new leadership of Ravneet Singh Gill, who took charge as the managing director and CEO from March last year.
Troubles at new-generation private sector started brewing up ever since the the Reserve Bank denied extension to its co-founder Rana Kapoor -- who now is in the custody of the Enforcement Directorate on charges of financial mismanagement and money-laundering -- to continue as MD and CEO in September 2018, and had asked the lender to find a new successor.
Yes Bank's administrator, Prashant Kumar, a former SBI executive, had on Monday assured customers that the moratorium period could end by this weekend.
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UP: 90 Bangladeshis, including 28 children, held in Mathura for illegal stay
Mathura (UP), May 16 (PTI): As many as 90 Bangladeshi nationals, including many children, were apprehended from Uttar Pradesh's Mathura district on Friday for alleged illegal stay in India, officials said.
They were taken into custody from local brickyards at Khajpur village under the Naujheel police station limits, a senior officer said.
"Regular searches were being conducted throughout the district. During one such operation, police were searching some local brickyards when they came across Bangladeshi nationals working there," SSP Shlok Kumar said.
Giving a break-up, the officer said in all, 35 men, 27 women and 28 children have been taken into custody.
"During interrogation, all of them admitted to being Bangladeshi nationals living illegally in India. They moved to Mathura three to four months back from a neighbouring state. Police are trying to establish their links," the SSP said, adding that their job contractor and other associates are also being questioned.
The officer told PTI that police also recovered some Aadhaar cards from the Bangladeshi nationals, apparently issued on forged documents in some other state.
Further legal proceedings are underway, Kumar said.
