Good news for Yes Bank customers! Services operational now – Branches to work at these timings

The moratorium imposed on Yes Bank ended Wednesday evening, giving bank’s customers a major relief. The lender announced that all its banking services are now operational and Yes Bank customers can start using them as they were before the crisis. 

"Our banking services are now operational. You can now experience the full suite of our services. Thank you for your patience and co-operation," Yes Bank tweeted. At the same time, bank announced that its branches will work for extended hours to help customers and give them better experience. 

Yes Bank said that all its branches will open an hour earlier from March 19. It said that senior citizens will continue to use the service till 5:30 pm in the evening. 

"To serve you better, our branches will open one hour earlier at 08:30 hours from March 19 to 21, 2020. We have also extended banking hours across branches for our senior citizen customers, from March 19 to March 27, 2020, 16:30 hours to 17:30 hours,” Yes Bank tweeted. 

Meanwhile, bank’s single largest promoter Madhu Kapur, the widow of its founder chairman Ashok Kapur, has pledged an additional 0.098 per cent or 25 lakh share of her family's shareholding of 6.87 per cent in the bank. In an exchange filing, the bank said Kapur has only 0.117 per cent or 3 lakh shares which are not pledged now.

The filing states that shares have been pledged with HSBC Investdirect Financial Services India on March 6, 2020, a day after the Reserve Bank superseded its board and brought the bank under a moratorium which was lifted on Wednesday evening.