Withdrawal limit to 'govt bailout': 10 points about Yes Bank's troubles

Yes Bank has been placed under moratorium and the government is reportedly planning a rescue plan involving a capital injection by a consortium led by State Bank of India.

Troubled private sector lender, YES Bank was on Thursday placed under a "moratorium" as the Reserve Bank of India (RBI) capped depositor’s withdrawal limit at Rs 50,000 per account for a month.

The decision was taken in consultation with the government to protect depositors' interest. The central bank also superseded the board of YES Bank, which has not been able to raise the required capital for the last six months and appointed former Chief Financial Officer of SBI, Prashant Kumar as the administrator. 

Here are key points from the RBI's decision 

* The RBI capped the withdrawal limit