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Yes Bank Customer Can Finally........

A Big Relief To Yes Bank Customer.


Earlier, the Enforcement Directorate (ED), besides interrogating Yes Bank founder Rana Kapoor in Mumbai, broadened the scope of their investigation and raided the residence of their three daughters.  
Yes Bank Customer Can Finally........
Pic's Credit: Instagram

The ED raided the residence of the founder of Yes Bank on Friday night and Rana was also questioned at his Samudra Mahal residence in Mumbai.  ED officials said that Kapoor was interrogated overnight and was given some rest time in between.

(RBI) has suspended the Yes Bank Board for 30 days, after which the action of the Enforcement Directorate has come to light.  The RBI has also appointed an administrator for this and bank account holders are allowed to withdraw only Rs 50,000 in a month.  Former SBI CFO Prashant Kumar has been appointed as the administrator of Yes Bank.  

Yes Bank has more than 1,000 branches and more than 1,800 ATMs across the country.
 The ED conducted the YES Bank founder's residence on Friday night and Rana was also questioned at his Samudra Mahal residence in Mumbai.  ED officials said that Kapoor was interrogated overnight and was given some rest time in between.  

The ED has filed a case of money laundering against Kapoor and his residence was raided.  Apart from this, a look out circular was also issued against Kapoor, so that he could not run out of the country.


 The ED filed a money laundering case against Kapoor in order to continue its investigation against DHFL, which allegedly found that Rs 12,500 crore was given to 80 shell companies using one lakh fake borrowers.  The transaction date with these shell companies is till 2015.