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Photos: Yes Bank customers in Delhi, NCR feel the heat

Shares in India’s fourth-largest private lender Yes Bank plunged close to 60 per cent on Friday after the central bank seized control and imposed withdrawal limits. Queues formed outside Yes Bank branches after the announcement late on Thursday that customers can only withdraw Rs 50,000.

Updated on: Mar 06, 2020 10:29 PM IST

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With withdrawals from Yes Bank capped at Rs 50,000 per depositor, tension among customers of the crisis-hit bank in Delhi-NCR was evident. Though there were no long queues outside bank premises, there was a rush inside bank branches. (Biplov Bhuyan / HT Photo)

Updated on Mar 06, 2020 10:29 PM

With withdrawals from Yes Bank capped at Rs 50,000 per depositor, tension among customers of the crisis-hit bank in Delhi-NCR was evident. Though there were no long queues outside bank premises, there was a rush inside bank branches. (Biplov Bhuyan / HT Photo)

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One of the customers of Yes Bank’s Noida Sector 18 branch claimed that in his two years of association with bank, he had never seen so many people inside the bank premises.“Usually there are very few people inside the bank to deposit or withdraw money, but now it feels like we have entered into a government bank. The rush is huge inside,” said Karan Gera, who works in Noida. (Parveen Kumar / HT Photo)

Updated on Mar 06, 2020 10:29 PM

One of the customers of Yes Bank’s Noida Sector 18 branch claimed that in his two years of association with bank, he had never seen so many people inside the bank premises.“Usually there are very few people inside the bank to deposit or withdraw money, but now it feels like we have entered into a government bank. The rush is huge inside,” said Karan Gera, who works in Noida. (Parveen Kumar / HT Photo)

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Meanwhile, almost all branches of the bank had copies of the gazette notification pasted at their main entrances, informing about the moratorium imposed till April 3, by the Reserve Bank of India (RBI) capping withdrawal at Rs 50,000 per depositor. (Parveen Kumar / HT Photo)

Updated on Mar 06, 2020 10:29 PM

Meanwhile, almost all branches of the bank had copies of the gazette notification pasted at their main entrances, informing about the moratorium imposed till April 3, by the Reserve Bank of India (RBI) capping withdrawal at Rs 50,000 per depositor. (Parveen Kumar / HT Photo)

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Some branches with double entry could be seen using the entrance through adjoined ATM vestibules. (Biplov Bhuyan / HT Photo)

Updated on Mar 06, 2020 10:29 PM

Some branches with double entry could be seen using the entrance through adjoined ATM vestibules. (Biplov Bhuyan / HT Photo)

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Many agitated customers confronted the Yes Bank officials by comparing the crisis to the Punjab and Maharashtra Cooperative Bank imbroglio which erupted last September. (Pratik Chorge / HT Photo)

Updated on Mar 06, 2020 10:29 PM

Many agitated customers confronted the Yes Bank officials by comparing the crisis to the Punjab and Maharashtra Cooperative Bank imbroglio which erupted last September. (Pratik Chorge / HT Photo)

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The officials said that while the PMC Bank crisis was due to frauds, the Yes Bank was only a case of liquidity crunch which would be resolved within a month, and customers woes would ease. (Danish Siddiqui / REUTERS files)

Updated on Mar 06, 2020 10:29 PM

The officials said that while the PMC Bank crisis was due to frauds, the Yes Bank was only a case of liquidity crunch which would be resolved within a month, and customers woes would ease. (Danish Siddiqui / REUTERS files)

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