Yes Bank India is in Crisis now
Yes Bank crisis: From what happens to my money to will SBI be saviour, all that has happened
Yes Bank’s books show that warning bells had been ringing for more than a year. The bank went on a loan spree even as bad loans mounted. Meanwhile, depositors withdrew large amounts, resulting in the bank’s profitability nose-diving in the last two fiscals.
Will the plan save Yes Bank from collapsing? We will find out in the coming days. For now, in case you've missed the drama of the last twenty-four hours, here's a full recap of all that's happened at Yes Bank