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In this video, I talk about the most recent financial and banking sector development - Crash and Crisis of Private Bank - Yes Bank. It is a very alarming situation to witness crisis in 2 national level banks within a year - PMC Bank and Yes Bank. RBI has taken over Yes Bank and has limited monthly withdrawal and transaction to a mere Rs 50,000 per person per month. This has incited rage and distress in Yes Bank account holders. A possible outcome is merger with SBI Bank. The Indian financial sector is going through a slowdown and looking at possible recession if things are not handled probably. Businesses throughout the country are taking hits.

#banking #yesbank #economy

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