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#WMS What to do with Yes Bank now? Strategy to follow if you don't get SBI Cards IPO allocation
Original: #WMS Yes Bank తో ఇప్పుడు ఏమి చెయ్యాలి? SBI Cards IPOలో Allocation రాకపోతే Follow అవ్వవలసిన Strategy
Takeaway
Yes Bank account holders should move salary and critical operations to another bank, while SBI Cards IPO missers should wait for the listing rather than overpaying at open.
Summary
- RBI has placed Yes Bank under restrictions limiting withdrawals to Rs 50,000 per account holder across savings, current and deposit accounts, with relaxations only for medical, education and similar unavoidable emergencies
- Salaried customers whose salary credits to Yes Bank should immediately update their employer with a new bank account to avoid disruption
- For SBI Cards IPO non-allottees, the recommended strategy is to wait for listing and assess price action before buying, rather than chasing immediately
- Discussion of IRCTC stock falling roughly 30 percent and how investors should respond to weekly market movements
- Weekly mutual fund and market update segment covering the host's content schedule on Wednesdays and Saturdays
Yes BankRBISBI Cards IPOIRCTCBanking
Original description
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