Wednesday, 1st April, 2020

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WHO gives award to Yes Bank for restricting funds withdrawal and preventing customers from traveling

14, Mar 2020 By Santosh Pradhan

Mumbai. The spread of Coronavirus has made the task of governments and medical agencies very tough. WHO has been advising people to stay at home and avoid travel. But it is difficult to get this message across to all people in this widely populated country.

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Hence, the WHO has acknowledged what Yes Bank has done for the world. Yes Bank restricted funds withdrawal from accounts and hence customers were not able to book their tickets for Euro Trips and other vacation locations. People who had accounts in other banks are able to travel as they have enough money in their accounts and there is no restriction on withdrawal.

Other banks have been advised to follow the Yes Bank way and make it difficult for the customers to withdraw money. This is the only way how a pandemic like Coronavirus can be stopped from spreading.

Rana Kapoor has been invited to receive the award on the behalf of the Yes Bank team and he has applied for bail to go for the award ceremony. Nirmala Sitharaman and the RBI will get honorary mentions for the same award category for their role in bringing the economy to this level.