YES bank crisis: Govt is in constant touch with RBI, every depositor’s money is safe: FinMin

(G.N.S) Dt. 6 New Delhi Addressing a press conference, the finance minister cited major loopholes in the functioning of Yes Bank as pointed out by the RBI which include weak compliance, wrong assets classification and risky credit decision. Union finance minister Nirmala Sithraman on Friday assured that the government is in constant touch with RBI and every depositor’s money is safe. Union Finance Minister stated that the crisis-hit lender’s revival