In a first statement on the
Yes Bank issue, Finance Minister Nirmala
Sitharaman today said that depositors money in the troubled bank is safe and the
Reserve Bank of India will find the resolution plan soon.
Sitharaman said that the government is in constant touch with the RBI on the issue and the RBI has assured the government that a revival plan would by found soon.
"RBI government working together on the YES Bank issue. I have personally monitored the situation in the past few months. There is no need to fear," she assures the Yes bank customers.
Earlier in the day, RBI governor Shaktikanta Das has also assured the Yes Bank customer that a swift revival plan will be implemented within 30 days.
“The resolution (to Yes Bank) will be done very swiftly, it will be done very fast. 30 days which we have given is the outer limit. You will see a very swift action from RBI,”
Das said.
The decision on Yes Bank was taken at a larger level, not only to deal with the problem in an individual entity, but also to maintain stability and resilience of the Indian financial and banking sector, he said.
“Let me assure you that our banking sector continues to be sound and safe,"
Das said, adding that RBI was ready to effectively deal with the challenge ahead.
"We stand committed to maintaining stability of financial and banking sector,” he said.