The Odisha Finance Minister further added, "In this background, I request you to kindly issue necessary instruction to RBI to allow the release of deposits relating to SJTA in Yes Bank in the interest of millions of devotees of Lord Jagannath."
Earlier, the Reserve Bank of India (RBI) had said that a moratorium has been imposed on Yes Bank, stressing that the bank's financial capability has undergone a steady decline largely due to the inability of the bank to raise capital.During the period of moratorium, the Yes Bank Ltd will not, without the permission in writing of the RBI, make payment to a depositor of a sum exceeding Rs 50,000 lying to his credit in any savings, current or any other deposit account.
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