Banks be ready for emergency, recession may come in the country: RBI

New Delhi: Seeing the havoc of the corona virus in India, Reserve Bank of India Governor Shaktikanta Das has instructed all banks in the country to be alerted. RBI Governor Shaktikanta Das has said that all banks should be prepared for the emergency situation. The corona virus infection has spread to 15 states in India and 116 cases have been reported across the country so far.

Governor Shaktikanta Das said, India is not spared from this epidemic, more than 100 cases have been reported. A large-scale effort is being made by the government to eliminate it. He said that the epidemic could cause a slowdown in domestic economic growth. More than 100 countries around the world are vulnerable to Corona. Due to which the stock market has seen a lot of ups and downs since last one week.

RBI Governor Shaktikanta Das on Yes Bank said, Yes Bank is being increasingly worked by the Reserve Bank of India and the Government of India. The Moratorium will be removed on Wednesday 18 March at 6 pm.

Governor Shaktikanta Das said, I would like to tell the depositors of Yes Bank that their money is completely safe and they do not need to worry.

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