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Yes Bank faces a crisis of non-performing assets, i.e. loans that have either gone bad or where repayments have been delayed for too long. Partly due to this, Yes Bank's capital eroded. For the last several months, the bank has been hunting for cash in the form of fresh investment.
The RBI announced that it was superseding the yes bank board of directors for a period of 30days.but what created panic among the general public was the RBI decision to cap withdrawals at rs 50000.which generate as a crises.
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