Yes Bank has issued an official statement clarifying the withdrawal limits for account holders.

YES Bank stock jumped nearly 25 percent in yesterday’s session as the news came about SBI taking a stake in the bank.

RBI has left the rates unchanged while the market was expecting at least 25 basis points cut.

RBI panel announced 25 basis points rate cut but Indian stock markets were expecting a small rate cut. The rate cut hasn't led to any major market movement.

Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), said that his bank can cut interest rate in case the Reserve Bank takes steps to reduce lending rates in the market, making the fund cost cheaper for banks.

Hoping reduction in key interest rates, Mr. Parekh said, "Banks are funding (parking) Rs 40,000 crore to Rs 60,000 crore with RBI under the reverse repo window. (This means) there is enough liquidity in the system and that is why there is a likelihood of interest rates coming down."

Exporters facing tough situation due to slump in overseas demand have a reason to cheer. The Reserve Bank of India has relaxed norms pertaining to export credit in the global market, enabling exporters to avail funds from overseas market.