Yes bank announced that it would be restarting all its banking services without any restrictions from 6 PM on March 18, when the RBI lifts its moratorium on the troubled lender.
Back to normal?
The bank’s return to business, however, is on shaky ground – the bank lost 34 per cent of its deposit base – with losses between September and March totaling Rs 72,000 crore.
A numbers game
Term deposits in the bank fell by 22 per cent quarter-on-quarter, while savings deposits decreased by 25 per cent at the end of December.
The bank could see a lot more money going out of its hands with possible withdrawals pegged at Rs 20,000 to Rs 30,000 crores.
Meanwhile, a probe into former boss Rana Kapoor is underway – led by the Enforcement Directorate – with Reliance boss Anil Ambani called up in connection with the case.