YES Bank will resume “normal operations” from 6pm on Wednesday and it has no liquidity problem, said the administrator of the private lender under moratorium till April 3.
“Our customers will be able to enjoy all services available before the moratorium,” said Prashant Kumar at a press conference in Mumbai.
“There is absolutely no issue on liquidity side from YES Bank; all our ATMs are full of cash,” he said.
Kumar welcomed Das’s statement, calling it a “very, very positive thing”.
The government on March 5 placed YES Bank under a moratorium, with the RBI taking over from its board for 30 days, and imposed limits on withdrawals to protect depositors.