'On Sunday, the Enforcement Directorate (ED) arrested Yes Bank’s swashbuckling co-promoter Rana Kapoor, accusing him and his family of using shell companies to receive kickbacks from the bank’s corporate borrowers. On March 5, the Reserve Bank of India (RBI) had used its powers to supersede the bank’s board and impose restrictions on its operations. The bank’s depositors cannot withdraw more than ₹50,000 for the next four weeks at least. Predictably, the State Bank of India (SBI) has emerged as Yes Bank’s knight in shining armour.
