The RBI has also superseded the Board of Directors of Yes Bank Ltd for a period of 30 days.
Highlights of Yes Bank News
- Depositors can withdraw 50000 Max
- Relaxed limit in case of Medical emergencies, higher education fees or Marriage Expenses limit upto 5 Lakh.
- Drafts and Pay orders issued so far to be paid in full.
- Security Tightened At Yes Bank Branches, ATMs In Mumbai
Around 21 of the 38 live third-party application providers are using bank APIs provided by Yes Bank for UPI payments, according to the NPCI’s website. These include from Swiggy, Hungrybox, MakeMyTrip, Udaan, PVR Cinemas, Myntra, Flipkart, Airtel to financial firms like PhonePe and Angelbroking, to name a few. Other companies that could be affected by the moratorium include BharatPe, POS players like Paynearby and Neo Bank Niyo amongst others.