Letter to BS: Govt needs to focus on revival of banking sector as a whole

During this period, YES Bank will not be able to grant or renew any loan or advance, make any investment, incur any liability or agree to disburse any payment

I would like to draw attention to the YES Bank crisis. The crisis in the banking system of India became even more critical when the RBI set a withdrawal limit of Rs 50,000 on YES Bank account holders for 30 days. Though the government has assured that the de­positors need not worry and that their money is safe, the government needs to focus on the revival of the banking sector as a whole. During this period, YES Bank will not be able to grant or renew any loan or advance, make any investment, incur any liability or agree to disburse