YES Bank crisis: FM Nirmala Sitharaman asks RBI to fix accountability

Sitharaman said the RBI and the government had been closely monitoring YES Bank since 2017

Finance Minister Nirmala Sitharaman (pictured) has asked the Reserve Bank of India (RBI) to fix accountability in the YES Bank imbroglio. She told reporters on Friday that the RBI had been asked to assess the causes of problems at YES  Bank and the role played by individuals. The government, she said, wanted the RBI to ensure that due process of law was followed with a sense of urgency and see if there was any regulatory gaps. She sought to differentiate between the way in which the Modi government was handling the YES Bank issue and the one adopted by the