New Delhi, March 8 (TIWN) Senior Congress leader and former Finance Minister P. Chidambaram on Saturday hit back at the Modi government over the Yes Bank crisis, saying India's fifth largest private sector bank fiasco is only part of the mismanagement of financial institutions under the watch of the BJP government.

"The price of a Yes Bank share fell from Rs 36.80 to Rs 16.15. Actually, it is worthless," Chidambaram remarked. His remarks came two days after the RBI superseded Yes Bank Board for 30 days and appointed an administrator, putting a cap of Rs 50,000 on withdrawals by account holders for a month.  The RBI said the bank's board was superseded "owing to serious deterioration in the financial position of the bank".  Former SBI CFO Prashant Kumar was appointed as administrator of Yes Bank, which has over 1,000 branches and 1,800-plus ATMs across the country.  On Thursday, Union Finance Minister Nirmala Sitharaman said the bank was on watch since 2017 and developments relating to it were monitored on a day-to-day basis.  Chidambaram said on Friday he put out some numbers regarding the loan book of Yes Bank. "When overall bank credit during the above period grew by about 10 per cent, how did Yes Bank's loan book grow by about 35 per cent?" Chidambaram questioned in his tweet.