Railway Board Order to ensure smooth disbursement of salary from Yes Bank in March, 2020.

भारत सरकार Government of India
रेल मंत्रालय Ministry of Railways
रेलवे बोर्ड (Railway Board)

RBA No.27/ 2020

No. 2018/AC-II /9/5/Pt.II

New Delhi, dated 06 -03-2020

General Managers,
All Zonal Railways/ PUs

Sub: Supersession of the Board of Directors of YES Bank Ltd. by RBI.

Please find enclosed RBI’s press release dated 05.03.2020 regarding supersession of the Board of Directors of YES Bank Ltd. by RBI for a period of 30 days owing to serious deterioration of the financial position of the Bank.RBI has also imposed a limit of withdrawal amount ( presently Rs. 50,000 per month) from the bank.

May like to direct PCPOs and PFAs to take necessary measures to ensure smooth disbursement of salary in March, 2020.

DA: As above

(Anjali Goyal)
Pr Executive Director/ Accounts
Railway Board

Copy for information and necessary action to

1. PCPOs and PFAs all Indian Railways.
2. AM/Staff
3. PSO to CRB
4. PSO to FC