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Updated: Mar 07, 2020, 12:05 AM IST

It’s a regulatory failure Chidambaram after RBI imposes moratorium on Yes Bank

Congress leader P Chidambaram said that imposition of moratorium on Yes Bank shows complete “regulatory failure” by the government. “It shows complete regulatory failure. I wonder if this is the end or will there be more in the line. Yet govt keeps absolutely silent. Let's see what depositors of Yes Bank do. I think they are as worried as depositors of PMC Bank. Let's see what unfolds now,” said Chidambaram.

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Congress leader P Chidambaram said that imposition of moratorium on Yes Bank shows complete “regulatory failure” by the government. “It shows complete regulatory failure. I wonder if this is the end or will there be more in the line. Yet govt keeps absolutely silent. Let's see what depositors of Yes Bank do. I think they are as worried as depositors of PMC Bank. Let's see what unfolds now,” said Chidambaram.

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