List of Mutual Fund Schemes affected by Yes Bank Crisis – What investors do now?
There is one major news now in the investor community. Yes Bank Crisis. RBI has put a moratorium on Yes Bank, where account holders can withdraw only upto ₹ 50,000. It also indicated that all debt papers / bonds has no value now. RBI has put several restrictions on Yes Bank, where several mutual fund schemes also would get affected. In this article, we would provide the list of mutual fund schemes that affected by Yes Bank Scam and what an investor do in this crisis.
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How did Yes Bank Crisis triggered?
Yes Bank has been facing crisis in the last few years due to bad loans.
Like any other bank, Yes Bank has given loans to its customers. However, there was a crisis of non-performing assets. Some of them became bad loans and many loans, there are repayment delays. The bank has been looking for investors and hunting for cash to come out this crisis. However, there were no investors. On top of this, Yes Bank faced governance issues. As per an analys