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2023•International Journal For Multidisciplinary ResearchOpen access

Retail Banking with Special Reference to Yes Bank

Varun Agarwal -, Ruchi Atri -

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Abstract

Banks play a pivotal role in the economic growth of the country. Failure of any private sector bank or public sector bank, irrespective of the ownership can impact everyone. Hence, neither Government of India nor Reserve Bank of India (RBI) will never let a bank facing troubles in its financial position to fail. One of the major private banks in India ‘Yes Bank Ltd’, has been facing the problem of rapidly deteriorating financial position. This necessitated Reserve Bank of India (RBI) to take immediate actions to protect depositors money. This Research paper covers multiple dimensions of Yes bank’s journey.

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Banks play a pivotal role in the economic growth of the country. Failure of any private sector bank or public sector bank, irrespective of the ownership can impact everyone. Hence, neither Government of India nor Reserve Bank of India (RBI) will never let a bank facing troubles in its financial position to fail. One of the major private banks in India ‘Yes Bank Ltd’, has been facing the problem of rapidly deteriorating financial position. This necessitated Reserve Bank of India (RBI) to take immediate actions to protect depositors money. This Research paper covers multiple dimensions of Yes bank’s journey.

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Available abstract

Banks play a pivotal role in the economic growth of the country. Failure of any private sector bank or public sector bank, irrespective of the ownership can impact everyone. Hence, neither Government of India nor Reserve Bank of India (RBI) will never let a bank facing troubles in its financial position to fail. One of the major private banks in India ‘Yes Bank Ltd’, has been facing the problem of rapidly deteriorating financial position. This necessitated Reserve Bank of India (RBI) to take immediate actions to protect depositors money. This Research paper covers multiple dimensions of Yes bank’s journey.

Key concepts: Position (finance), Chinese financial system, Official cash rate, Bank rate, Financial system, Business, Monetary reform, Private sector

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