India’s Yes Bank shares surge on rescue hopes – Saudi Gazette

India’s Yes Bank shares surge on rescue hopes – Saudi Gazette

India's Yes Bank shares surge on rescue hopes. Yes Bank, which is struggling under a massive pile of bad loans, plunged 56 percent on Friday after the Reserve Bank of India late Thursday seized control of the lender and imposed withdrawal limits.. The Reserve Bank of India tweeted Sunday that depositors should not worry about their savings in any bank after customers rushed to Yes Bank ATMs and branches on Friday and Saturday in a desperate bid to retrieve their funds.. Italy says lockdown aimed at saving economy from virus.