YES Bank customers can pay credit card dues, clear loan obligations from other bank accounts

The YES Bank has allowed its credit card customers to clear their dues and make loan repayments from other bank accounts.

YES bank said that it has enabled inward payments through IMPS/NEFT and customers can make payments towards their credit card dues and loan obligations through other accounts.

The development comes a day after its newly appointed administrator, Prashant Kumar, said that the moratorium on withdrawals could be lifted by Saturday. He also added that the bank is working towards restoring full services for its customers.


The RBI had capped withdrawals from YES Bank at Rs 50,000 and put the bank under moratorium for a month as it struggled to meet capital requirements. The central bank also appointed Prashant Kumar as the administrator.


It is also working on a draft resolution plan according to which the SBI may take over 49 per cent of YES Bank's equity at Rs 10 a piece. The regulator is likely to submit the revival plan at the earliest with the government for its approval.