While a sinking economy and banking crisis remains hot subjects in India, Twitterati is bragging about the Yes Bank account holders and Indian government hilariously.
In case you’re not aware of what’s happening and why Yesbank has become the Hot Potato In India right now, watch this tweet.
– What led to the #YesBankCrisis?
– How big is this mess?
– Why NPAs are crippling our banking sector?
– Where did #YesBank go seriously wrong?
– Are more banks in danger?
– What should you do in this moment of crisis?
In depth analysis on #TheDeshBhakt – https://t.co/dpx8ESgkG4 pic.twitter.com/4RwckeLVav
— Akash Banerjee (@TheDeshBhakt) March 6, 2020
The board of private Financial institutions Yes Bank was replaced by the baking regulator, RBI on 5th March.
Though the account holders are allowed to take up to 50,000 between 5 march-3 April but not more than that, this news appears shocking to some; it is an alarming reminder of the slumping state of the Indian Economy.
Social media platforms have been filled with all types of memes and jokes on the YesBank Crisis that will make you go to ROFL.
— VerySorrykar 2.0 (@VerySorrykar2) March 6, 2020
Piggy banks are safer pic.twitter.com/zZLfR6HmRp
— Raj Mohan (@raj_aarem) March 6, 2020
Yes Bank down 25% pic.twitter.com/0zsX4e1c4W
— we'll always have Vermont (@teodranik) March 6, 2020
— The-Lying-Lama 2.0 (@KyaUkhaadLega) March 6, 2020
1: When you got to know that your
Father’s funds stuck in Yes bank.
— Mohd Anees । انیس (@immohd_anees) March 6, 2020
— Sushrut Sawant (@drsushrutz) March 6, 2020
Reporter – Maam , #YesBank Doob Gaya
— paras jain (@rudcharlie) March 6, 2020
Employee of Republic, aajtak and news 24 pic.twitter.com/GBDWwzxQ72
— भाई साहब (@Bhai_saheb) March 6, 2020
Account-holders at yes Bank also couldn’t save themselves from the memes while some bragged their state of feebleness, while others mocked the Bhakts of the Indian Government.
The jokes and memes refer to these ardent Supporters who never pointed the finger at Prime Minister Of India Modi’s policies. Not only Modi, but people also targeted Finance Minister Nirmala Sitharamas for the banking crisis.
However, Reserve Bank of India has today declared a draft scheme of recreation of the Yes BBank RBI invites comments and suggestions from people and members of the institution, including the depositors, bank ‘Bank’ shareholders, as well as creditors.
On this issue, Finance Minister Sitharam says, IWe have taken a considered view that supersession should happen. It is because we are closely working to make sure that no institution really collapses, says the FM. We are working for restructuring, protecting depositors’ interest and investors’ money, she further says.
Acknowledge the pain faced by depositors, says FM Sitharaman, she further added.