Here’s The Wire’s founding editor M.K. Venu’s take on this issue.
The crisis at capital-starved Yes Bank deepened on Thursday night after the Narendra Modi government, in cooperation with the Reserve Bank of India (RBI), imposed restrictions on withdrawals at the private sector lender.
Author: M.K. Venu
M.K. Venu is a Founding Editor of The Wire. As an active economic and political writer, he has held leadership roles in newspapers such as The Economic Times, The Financial Express and The Hindu. He has written extensively on economic policy matters for over a quarter century after India opened up its economy in 1991. He wrote regular political economy columns on the edit pages of The Economic Times, Financial Express and Indian Express over the past two decades. He also hosted a regular political-economy discussion called ‘State of the Economy’ on the national public broadcast channel RSTV. He has also been invited by Parliamentary Committees to give his views on public policy matters. He is on Twitter @mkvenu1.
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