Banking

Moody's said the Yes Bank episode places the country's financial system on "alert" and the rescue in itself "exposes weaknesses in the process to support a failing private sector bank". The RBI - which had to steer the over Rs 10,000 crore Yes Bank bailout - has however repeatedly assuaged such concerns, saying money in all the banks is safe.

from Banking/Finance-Industry-Economic Times https://ift.tt/3ejfOJB