In an official statement, the RBI has denied reports and said, "It may be noted that there is no such proposal in the Reserve Bank."

The event has spurred uproar as several leaders have been staunchly reprimanding the officials and the video of the heated argument at the RBI premises was doing rounds on social media. 

Its the first time that the RBI had recommended an Indian based bank to get merged with the Non-Indian based bank in its bid to save the former. 

The Governor asserted that he is asymptomatic and alerted those who have come in contact with him in recent days, and cited that he will continue to work in isolation.

The six month EMI holiday would defer the payment of installments with having no arduous impact for the debtors on their credit score.

For the past few years, YES Bank has been on the brink of getting collapsed due to administrative disorders, corruption, rackets, and bad loans.

The current moratorium will be in place for 30 days during which the customers may face hindrances and difficulties over withdrawing the deposits.

The RBI has stated that these virtual currencies raise more concerns regarding consumer protection, money laundering, and market integrity.