Chacha-Bhatija given loans by Congress: FM Sitharaman on Yes Bank crisis
"Chacha-Bhatija" were given loans under Congress rule, Union Finance Minister Nirmala Sitharaman said in a jibe on Friday as she spoke about the crisis in Yes Bank. The bank was placed under a moratorium on Thursday with the Reserve Bank of India (RBI) capping deposit withdrawals at the bank of Rs 50,000 per account for a month and superseding its board.
However, Sitharaman today said the RBI Governor has assured her there will be no loss to any Yes Bank depositor. The Finance Minister said that RBI as a regulator is working for an early resolution to Yes Bank issue. Steps are taken in the interest of depositors, bank and economy.