Article
Suyash Rai, Anirudh Burman
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Source: Getty
In The Media
Blueprint to Deal With Yes Bank crisis and Beyond
In the short term, there are two interrelated challenges—protecting Yes Bank’s depositors, and maintaining trust in the private banking system.
By Suyash Rai
Published on Mar 12, 2020
Source: Hindustan Times
With Yes Bank placed under a moratorium, depositors and businesses relying on the bank face a difficult time. A bank of this size — Rs 3.5 lakh crore worth of total assets as of end-September 2019 — has not failed in India in recent decades. When it failed, Global Trust Bank had about 0.5% of the total deposits held by scheduled commercial banks. Yes Bank holds about 1.8%. The situation presents certain short-term challenges, and highlights the need for certain reforms. In the short term, there are two interrelated challenges - protecting Yes Bank’s depositors, and maintaining trust in the private banking system.
This article was originally published by the Hindustan Times.
About the Author
Suyash Rai
Former Fellow, Carnegie India
Suyash Rai was a fellow at Carnegie India. His research focuses on the political economy of economic reforms, and the performance of public institutions in India.
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