India: Yes Bank-partnered fintech firms migrate to other banks to resume services

India: Yes Bank-partnered fintech firms migrate to other banks to resume services

Photo: Reuters

Around 9.30pm on Thursday, Lalit Keshre, co-founder and CEO of investment platform Groww, got to know of the moratorium that Reserve Bank of India (RBI) had imposed on Yes Bank. He called up his team to assemble at the office immediately. Groww was heavily dependent on Yes Bank for its banking needs.

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