Customers sensed all was not well with Yes Bank, withdrew Rs 18,110cr deposits during March
A Delhi-based customer said that he sensed that all was not good with the private sector lender and withdrew his majority of deposits beforehand, leaving only with the minimum balance to keep the account active.
Deposits at Yes Bank witnessed a steady decline during the March-September period last year as customers withdrew over Rs 18,100 crore, in a reflection of falling confidence in the bank. Yes Bank, which has been put under a moratorium by the Reserve Bank till
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