Reserve Bank Of India (RBI) Provides Rs 60000 Crore Lifeline To Yes Bank

 

On March 18 the Reserve Bank Of India (RBI) gave Rs. 60000 crore to Yes Bank for doing support so that this bank can face the problems that has stood in front of it. This credit is provided to Yes Bank so that Yes Bank can pay the debt of depositors. On March 16 The Governor of RBI Shaktikanta Das said if the Yes Bank requires some other payments then that will be provided by the Central Bank.

 

 

 

 

The Line Of Credit (LOC) has provided with warning. Yes Bank has to be accepted to this warning. Also Yes Bank will exhaust immediate liquid assets before accessing the fund. The RBI has merged illiquid insolvent bank but Yes bank comes in the category of liquid solvent Bank. On March 14 the government issued a rescue plan for Yes Bank that was led by State Bank Of India (SBI) and other lenders. On March 13 reconstruction scheme took effect that was cleared by the Union Cabinet.

 

 

 

Reserve Bank Of India (RBI) Provides Rs 60000 Crore Lifeline To Yes Bank

 

 

 

Reserve Bank Of India (RBI) Provides Rs 60000 Crore Lifeline To Yes Bank

Reserve Bank Of India (RBI) Provides Rs 60000 Crore Lifeline To Yes Bank

18 Views
0
0 Comments

Add Your Comment: