Question : On which of the following banks did the Reserve Bank of India impose a moratorium in March 2020?
Option 1: IDFC First Bank
Option 2: Dhanlakshmi Bank
Option 3: Bandhan Bank
Option 4: Yes Bank
Correct Answer: Yes Bank
Solution : The correct option is Yes Bank .
In March 2020, the Reserve Bank of India (RBI) imposed a moratorium on Yes Bank. The moratorium was imposed due to concerns about the bank's financial stability and liquidity issues. During the moratorium, the RBI took over the management of Yes Bank to protect the interests of depositors and maintain the stability of the banking system. The restrictions on Yes Bank were lifted after a reconstruction plan was put in place involving a consortium of banks investing in the troubled bank.
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