Saturday, September 18, 2021
Farmers Debt Relief

77 shaheed soliders

516 sewa kendras

9300 cr Investment

helpline portal

jallianwala bagh


Markfed Sept to Nov

Innocent Admission

Modi’s ideas have ruined economy: Rahul Gandhi on Yes Bank crisis

- Advertisement -

New Delhi, March 6, 2020-

Even as long queues were witnessed outside several branches of the crisis-hit Yes Bank across the country, former Congress chief Rahul Gandhi hit out at Prime Minister Narendra Modi saying his ideas have destroyed the country’s economy.

“No Yes Bank. Modi and his ideas have destroyed India’s economy,” Rahul Gandhi tweeted with the hashtag of NoBank. His remarks came a day after the Reserve Bank of India superseded the Yes Bank board for 30 days and appointed an administrator, putting a cap of Rs 50,000 on withdrawal by account holders for a month.

The RBI said the bank’s board was superseded “owing to serious deterioration in the financial position of the Bank”. Former SBI CFO Prashant Kumar was appointed as administrator of Yes Bank.

The Yes Bank has over 1,000 branches and 1,800-plus ATMs around the country which are under severe stress after the crisis erupted last night.

Former Finance Minister and senior Congress leader P. Chidambaram also slammed the Modi government over the Yes Bank crisis saying the government’s ability to govern and regulate financial institutions stands exposed.

‘RBI to soon come up with scheme for Yes Bank revival’

Yes Bank shares fall lowest in a decade, SBI down 6%

“The BJP has been in power for six years. Their ability to govern and regulate financial institutions stands exposed. First, it was PMC Bank. Now it is Yes Bank. Is the government concerned at all? Can it shirk its responsibility? Is there a third bank in the line?” Chidambaram said in a series of tweets.

“When overall bank credit during the above period grew by about 10 per cent, how did Yes Bank’s loan book grow by about 35 per cent?” Chidambaram questioned in his tweet. “Will the government confirm that the loan book of YES Bank has grown under the BJP’s watch as follows: FY2014: Rs 55,000 crore, FY2015: Rs 75,000 crore, FY2016: Rs 98,000 crore, FY2017: Rs 1,32,000 crore, FY2018: Rs 2,03,000 crore and FY2019: Rs 2,41,000 crore,” Chidambaram said.

The former Finance Minister also urged the people to read the piece written by former Prime Minister Manmohan Singh‘s analysis of the current situation in the country.

Chidambaram said, “Manmohan Singh has spoken truth. Will those in power heed his advice?” he tweeted.  (Agency)

- Advertisement -

Yes Punjab - TOP STORIES

Punjab News

Sikh News

Transfers, Postings, Promotions

- Advertisement -spot_img

Stay Connected






Joe Biden

Joe Biden’s QUAD summit could yield up to $100bn in military sales – by Robinder Sachdev

US President Joe Biden will be hosting the QUAD countries' heads of governments summit this coming week, in Washington D.C. – comprising of the...
Taliban captures Kandahar

Finally, the Taliban are on the receiving end – by Amjad Ayub Mirza

London, Sep 17, 2021- As missiles came raining down on Kabul during the early afternoon of September 16, it sent a disturbing message across...
Rahul Gandhi Congress Neon

RaGa’s Kashmiri Pandit solidarity may be an assertion for electoral gain – By Deepika Bhan

Thirty-one years after the exodus of Kashmiri Pandits from Kashmir, the Nehru-Gandhi family has for the first time unambiguously spoken up for the community....


Health & Fitness


Is gallbladder gangrene a new post-Covid risk?

New Delhi, Sep 17, 2021- Doctors at Sir Ganga Ram hospital (SGRH) here on Friday reported five cases of gallbladder gangrene among people two months after they recovered from Covid-19 infections. The gallbladder is a small, pear-shaped organ on the right side of the abdomen, beneath the liver. Its function is to store bile needed for the digestion of fats...

Gadgets & Tech

error: Content is protected !!