Mumbai: Yes bank branches in Mumbai, Thane, Pune, Nagpur and other cities on Friday gave a fright to their customers after the RBI imposed curbs on withdrawal on Thursday. Mumbaikars were awry especially in the residential and suburban areas of south Mumbai of Bandra Kurla Complex, Andheri, Lower Parel, etc.
The frantic customers said certain UPI transactions which are on the Yes Bank PSP, are facing probelms like all types of accounts are inaccessible even via netbanking, and many fintech players are hit badly.Such a monetary crisis comes in that time of th year when a festival like Holi is near, followed by Gudi Padva, ongoing session of examination being conducted and also the long weekends plans- these incidents were carrying cash is conveniently necessary.
A customer Vijay P. Singh said he drove down to the ATM in Kandivali suburb around 1 a.m. and was stunned to see at least 25 people in queue.
"I went around 3-4 other ATMS between Dahisar-Malad with the same results and finally returned home at 4 am empty-handed… Even the online transactions are not on and the crowded branches offer little hope," Singh rued.
Some panicky customers who complained to the Yes bank officials comparing such a bank crisis with the recent PMC case were consoled and assured by the officials who said the PMC case was due to frauds and this particular issue was a case of liquidity crunch which would be resolved within a month.
This severe Yes bank scenario has affected their1,000 branches and 1,800-plus ATMs around the country.
