TIWN
New Delhi, March 10 (TIWN) Yes Bank, which is under moratorium, provided some relief to its customers who can now make certain payments through instant money transfer services - National Electronic Funds Transfer (NEFT) and Immediate Payment Service (IMPS).
Crisis-hit private sector lender Yes Bank said on Tuesday that customers can now make certain payments through its instant money transfer services National Electronic Funds Transfer (NEFT) and Immediate Payment Service (IMPS). In a post on Twitter in morning, Yes Bank said its customer can pay "their credit card dues" and "loans from other bank accounts" using the two wire transfer services. The development comes as the Reserve Bank of India (RBI) superseded Yes Bank's board and took control of the private sector lender last week, and also capped withdrawals from its accounts, with few exceptions, spooking investors.
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