Yes Bank crisis came as a shock to all the investors. Though Union Finance Minister Nirmala Seetharaman assured that no depositors will suffer any losses, people are experiencing scares.
In the midst of all this, inside talk is Tollywood stars are spending sleepless nights over Yes Bank crisis ever since Reserve Bank of India imposed temporary ban and also restrictions on the withdrawals. The depositors can draw only up to Rs 50000 in a month even if they have lakhs or crores in their accounts.
It is coming out that Tollywood celebrities have many accounts in Yes Bank. Since Yes Bank offered many facilities like not revealing the details of the stars etc. they deposited crores in the Bank.
Now they are unable to withdraw more than Rs 50000 from Yes Bank. Buzz is Geetha Arts, Dil Raju, Suresh Movies banners' primary accounts are in Yes Bank. Only when RBI removes the restrictions, the celebrities can withdraw their funds.