What Is The Crisis That Happened With ‘Yes Bank’ Recently? A CA Student Explains In Tinglish

 

Contributed by Prashanth Vattimalla

Oka rendu rojula nundi manaki baga viparithanga vinipistunna bank peru “Yes Bank”. Asalu em aindi Yes Bank ki, em jarugu thundi. Andaru Yes bank musestharu, bank diwala thesindi, mana dabuulu manaki vaste Abba Sairam anukuntunnaru.

Recent ga RBI, Yes bank ni thana control lo theskundi. Prasthutam unna position nundi bayata padataniki “Restructuring scheme” okati vesaru, within 30days lo situation ni control cheyadaniki. Andulo part of decision ga SBI, Yes bank lo invest cheyadaniki munduku vachindi, around 2,400 crores and motham management ki takeover cheskuntadi by acquiring 49% of Yes bank shares.

Meanwhile RBI appointed Mr. Prashant Kumar, former deputy managing director and CFO of State Bank of India, as Yes bank’s Administrator.

Sametime RBI withdrawl limit ni 50K ki thaginchindi, ante evarina 50K pina bank nundi dabbulu withdraw cheyalante kudaradhu Em Jarigindhi, “Yes” Manam ippudu matladukundam, asalu em jarigindi bank ki ani.

Yes bank anedi 4th largest private sector bank in India. Kaani ippudu adi financial crisis ane oobhi lo chikkukundi Yes bank ippudu serious liquidity crisis lo undi, mukyanga rendu kaaranala valla, Several borrowers of Yes bank dabbulu thirigi kattaledu vaallu theskunna loans meeda (veetine banking terminology lo NPAs antaru – Non Performing Assets) Bank account lo dabbulunna vaallandaru okesari withdraw cheyadam modalu pettaru Since March 2019, more than 1lakh crores Yes bank nundi dubbbulu withdraw chesaru. Inkovaipu Rs.17K crores loans mondi bakayilu ga marayi, ante loan theskunna vaallu dabbulu sariga thirigi kattadam ledu, unna money emo customers ekkuva motham lo withdraw chestunnaru So, ippudu bank comfort zone lo ledu to pay back the depositor’s/customers money and thus feeling the heat.

Andarki ippudu vastunna pedda question, Yes bank loss lo unda? Answer “Kadu”. Just depositor’s money is blocked due to loans given by bank in which some are becoming bad.

Ippudu manam konchem Financial Terminology loki veldham, Yes bank 2018-19 audited balance sheet prakaram bank dhegara unna deposits (savings a/c lo unna dabbulu + Fixed deposits) around 2.26 lakh crores – ivi depositors/customers dabbulu, thirigi customers ki ivvalsinavi alage loans given by bank worth around 2.36 lakh crores – ivi bank ki raavalsina money But ippudu deposits value around 2.09lakh crores ki thagindi, ante bank ki raavalasina money (granted loans by bank) kanna bank dhegara unna money thakkuva.

Ante bank ki ravalsina money motham vaste appudu customers ki ivvadaniki saripada dabbulu kante ekkuva untai Adantha kaadu kani ippudu bank account lo dabbulunna vaalla paristhiti enti? There is no need to worry as the bank has more assets than its liabilities. Even bank musese paristhiti vachina, deposits upto 5lakhs varaku insured ayi untai, ante government will pay back your money if bank is incapable to do so.

RBI eppudithe withdrawl limit ni 50K ki thaginchindo, appatinundi bank debit cards, credit cards net banking evevi pani cheyadam ledu. Even phonepe app kuda work cheydam agipoindi ninna.
So evarina 50K pina money withdraw cheyalante, variki 3rd April, 2020 varaku kastalu thappavu. Elopu situation emina control loki vaste RBI may give relaxation

Chudham RBI leda mana FM Nirmala Sitharaman garu entha varaku, entha thondaraga ee situation nundi Yes bank ni bayataku theskavastaro…………

 

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