The Reserve Bank of India placed Yes Bank under moratorium on Thursday, March 05. The move also reduced the withdrawal limits to ₹50,000 per month.
But as people, mostly with their bank accounts in Yes Bank, started panicking the hashtag #NoBank was trending on Twitter.
Corrected tweet: the average voter, who thought @narendramodi will bring good governance, has been cheated. He/she are losing out in #YesBank collapse. No corporate is crying, no institutional investor is upset, no politician has lost money. Only poor voters did. #yesbankcrisis
— RadhakrishnanRK (@RKRadhakrishn) March 6, 2020
#NoBank
— Pritesh Shah (@priteshshah_) March 6, 2020
Art. Artist pic.twitter.com/W0z0Mu3Cu4
#NoBank
— Manish Yadav (@AthiestYadav) March 6, 2020
The man we need right now.. pic.twitter.com/ss0i3aEthP
#YesBank
— Vishal Saini (@vishal_saini_vs) March 6, 2020
While everyone is worrying about #yesbankcrisis ...😭
Me having 504 Rs. in my account:😎 pic.twitter.com/MPjA5AGK0i
No Yes Bank.
— Rahul Gandhi (@RahulGandhi) March 6, 2020
Modi and his ideas have destroyed India’s economy.
#NoBank
I am a Hindu, Last year Govt shut PMC Bank 10 days before Diwali where my account was, I lost all my savings, I couldn't celebrate Diwali
— Doctor Nirav Modi (@niiravmodi) March 6, 2020
Then I opened my bank acnt at #YesBank and just 5 days before Holi I lost my ₹ again
Modi ji just tell me why only Hindus?#yesbankcrisis
#NoBank
— Vikalp Sharma (@vikalprs) March 6, 2020
SBI customers right now 😂😂 pic.twitter.com/KCH4R7BLwJ
Reporter :Mam #YesBank is getting bankrupt
— Reshma Alam (@reshma_alam9) March 6, 2020
FM - I Don't Care My Account Is In Swiss Bank...#NoBank
❌ #NoBank
— Nehal SiddiQue (@iamNSQ) March 6, 2020
❌
But still the Govt claims its 'Sab Changa Si' pic.twitter.com/1qTjgQEvwD
Pmc bank to Yesbank#NoBank pic.twitter.com/XdpPOb8rfa
— Pritesh Shah (@priteshshah_) March 6, 2020
#YesBank became a victim of Modi’s economy. #NoBank pic.twitter.com/w0nPTVDA1t
— AC (@AnieshChacko) March 6, 2020
Aap Chronology Samajhiye
— Ali 🔥 (@SayedAliNaqi) March 6, 2020
Modi in 2014 ~ Give me ur votes
Modi in 2015 ~ Give me ur subsidies
Modi in 2016 ~ Give me all ur cash
Modi 2017 -2020 ~ Forget all ur money deposited in banks#YesBank #PMCBank #yesbankcrisis #NoBank
RBI distributing money to #Yesbank account holders.🤣🤣🤣🤣#yesbankcrisis#NoBank pic.twitter.com/Z27c0eg71T
— MK Khan (@CsMohsin) March 6, 2020
🚨🚨🚨
— Mayank (@AZenGuy) March 6, 2020
YES Bank's chief economist sold Rs 1.9 crore worth of shares by December 2019.
Total offload of Rs 3.5 crore between five insiders - more than three months back! #YesBank #yesbankcrisis pic.twitter.com/jWJTIFxVzo
Chronology:
— Samar (@Samar_Anarya) March 6, 2020
1st Bhakts will abuse Nehru and Congrss for everything: happily forgetting that they are there they are because of Nehruvian institutions.
2. Then Modi will destroy them and they would beg and plead..#yesbankcrisis #Yesbank pic.twitter.com/rJbAhMF72e
Now normalcy returned to #YesBank.#yesbankcrisis #RanaKapoor. pic.twitter.com/ii5DEs6IkD
— Ahmed ⚪ (@Abay_Saaley) March 6, 2020
Yesterday - PMC Bank
— Gyan Tiwari (@gyan2112) March 6, 2020
Today - Yes Bank
Tomorrow - Your Bank
What do you expect when Finance minister blames Uber / Ola for crisis and MoS Finance is busy goli maro #NoBank #Nifty #YesToShutdownabscbn
#yesbankcrisis After the bad news about #YesBank today Indian rupee slumped lowest ever against USD.
— Manjeet Singh (@manjeet_harsh) March 6, 2020
Sab Changa Si pic.twitter.com/PnKgSpOTQM
The restrictions have been imposed by the Reserve Bank of India (RBI) due to serious deterioration in the financial position of the private bank.