Name: 是的銀行暫停營業，財政部部長Nirmala Sitharaman向市民保證｜今晚最大的新聞。 (Yes Bank Under Moratorium, Finance Min Nirmala Sitharaman Assures Citizens | Biggest Story Tonight)
Uploaded: 2021-01-14T09:02:02.000Z
Duration: 17 min 35 s
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Welcome to the biggest story viewers today the focus on off to the PMC the crisis at the yes Bank.

程度副詞

Even as the government says don't body the r b, I places restrictions on them and investors and the common man tries to understand what went wrong.

I'm do the morning Bhardwaj us Our biggest story.

Yes, bank has been placed on the moratorium on withdrawal limit has been captured.

Soon after RVs superseded guest bank, the FBI has been tossed Tow bill out India's fifth largest private sector lender, R B I is attempting to pluck it the depositors and assure them that there is no need to panic Union Finance Minister Nurmela Sitaram and has hit back, reminding the U P off its own blunders.

The r B I has placed a draft scheme of reconstruction of the yes Bank.

The Reserve Bank has also said Yes, Bankscapital stands all dirt at ₹5000 crore.

Strategy Investor Bank will bring in 45% equity.

This is the breaking news coming in at the central government, the shores, the citizens that there is no need to panic we're going to get to the breaking news rebuilding scheme has already been put into place.

The R B I's drop for rebuilding guest bank has come for the reconstruction off.

Yes, bank, they've said to the capital stands alter the ₹5000 crore strategy Investor Bank will bring in 49% equity.

Let's go across to our executive editor Appreciate report on the phone line.

Don't panic, but investors clearly panicking well, they would do a vicious because their lifetime's savings And in many cases, you know, money meant for emergencies is locked in and they can take it out.

But what is important is that the government is in top gear along with R B.

I have put in place this reconstruction plan.

In venture, the FBI would effectively take over 49% equity and would remain invested for three years.

Apart from that, we are told that the border management has been completely taken over and any issues off liquidity would be the sole responsibility of the the ricin sent me and what with the responsibility off the government of India.

I believe it just a matter off a month or so The time that is needed to sort out everything in terms off, making sure that the control of the State Bank of India is there on yes, bank.

The government about the government and are we are working in tandem.

As we saw, the manager of the Finance Minister spoke about the issue twice in the day, first in parliament outside parliament and then, of course, at the north block.

So, uh, latest plan the restructuring plan that has been put in place is going to make sure that for the next three years, effective management off yes, bank remains with the FBI and between the FBI and the government.

There is no liquidity issue the state Banks with you think I think about it?

So in a sense, the investors and the customers should be rest assured that whatever the turbulent they are seeing is going to last for a month, month and 1/2.

In fact, the finance minister did say that within a month's time the resolution in the restructuring plan of the reconstruction planet there is a bank off in there would be put in place.

And as a bishop mentioned, he mentioned the finance Minister's a reaction and assurance that everything is in place.

I see the opposition being very keen to point a finger at this.

Continue carrying the stories of legacy Legacy.

Yes, The Indian banking system has had severe challenges thanks to the way in which the government which existed between 2000 four and 14 had handled the matters the way they had.

But I'm not saying it because I have to put the blame on them.

I'd give you even instances they're telling us about all Look at the way you handled it.

The so called self appointed competing doctors are saying this and the so called self appointed competed doctors where the ones who have United Western Bank, the old remember United Western Bank which collapsed in 2006 almost on the word of collapsed 2006 forcefully merged with the FBI.

And today, if I have problems restoring some good helped off the FBI, I'm giving you a pointed example off.

How competing, self appointed competing doctors that handled United Western banks merger with ID.

And that is the treatment offered by those who speak today about the way we've ensured that the interest off Yes, Bank and its customers kept saying, We're doing that, but it's what they did was this, And their solution for a united Western bank has resulted in I d Be a also losing its moons so self appointed, completely doctors global trust Back when did that happen?

The media will definitely remember July 2004.

It was much with Oriental Bank of Commerce solution easily merge it up and wash your hands off dead garnish.

Bankoff couldn't This was merged with a private bank federal back And when did this happen to those in 6 January And in all three?

You immediately merged and washed to himself.

How many people did they take action on how many people they been toe books to say.

These were the reasons for which these banks faced challenge.

And here are we having them quickly jumped to see and say, Oh, no, no, you don't know what you're doing.

You don't know how you're handling economic office.

We are ensuring the customers interesting.

We're ensuring that the depositors are assured and their monies will be safe.

Imports and murdered off with some banks.

Let go those offenders and now ask uncomfortable questions.

Uncomfortable for yourselves, I have no problem answering oppositions questions on our handling off the Indian economy alarm.

But our approach has been to make sure that the institutions don't collapse, keep them with good health and about wall.

Keep the customers interest client's interests, businesses, interest depositors, interests.

And that is why you know, Prime Minister insisted that we increase the deposit insurance from one like to fight.

Yes, bank fiasco is not a sudden occurrence.

Rather, it has been a disaster in the making due to non compliance with regulations.

Bad investments in a florid leadership republic spoke toe autumn, a gravel off former independent director of yes, bank who quit after pointing out several issues in the administration on the operations listening Jan.

You know, to the r b i ue roto the r b I seeking removal off need guilt.

You made serious allegations, including breach of governance, noncompliance, undue influence on controlling majority members of the board.

Buyer of need, guilt through quid pro quo.

Could you elaborate on how and what you found during your tenure as independent director and chairman of the committee and yes, bank when you have a letter of it?

You know, I think I celebrated each and every issues.

I think it started with the appointment of the CIA.

Gill joined the board in the month of March on without approval of audit, Come pretty all of a sudden, without knowing to any of us appointed and issued a letter for appointment of the fearful second thing.

Uh, he, uh, he wait announcement on the video location about the raging off funds without having any proper document in his head.

He started recruiting unnecessary people biting huge salary off for crow to corrode that you saw on us.

So the varied reporting employees to him the huge bonus on in agreement he even the first quarter account without my approval without my knowledge.

He came out in the morning and he said there is already a committee meeting at the second.

He has been used among in the queue i p without involvement off any of the people that I already mentioned.

So one of the company which is not even registered with the city and his name is not there in the Annex B documents.

If you couldn't get into specifics on how as you have alleged in one of your letters, there was substantial erosion, you said In market capitalization the number you've stated in your letter is 40,000 crore.

Substantial market capitalization erosion 40,000 crores in one year is a big number.

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是的銀行暫停營業，財政部部長Nirmala Sitharaman向市民保證｜今晚最大的新聞。 (Yes Bank Under Moratorium, Finance Min Nirmala Sitharaman Assures Citizens | Biggest Story Tonight)

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crisis