DMPQ-Account for the recent YES bank crisis and also mention the steps taken to prevent Yes Bank Crisis.

Reasons for YES Bank crisis:

1. Rising exposure to NPA
2. The loan repayment capacity of the borrower is limited or very low.( IL&F S etc.)
3. Governance issue – Yes bank was not functioning properly.
4. Abysmal performance with lack of corporate governance
5. Bank failed to implement Prompt corrective action
6. Supervision and regulatory failure

Steps taken:

• Moratorium on withdrawal limits (50,000/-)
• Board has been suspended
• SBI the biggest bank Purchased 49% stock.
• Other investors also roped in.

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