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RBI opens emergency line of credit of Rs 60,000 crore to Yes Bank

20 Mar 2020 Evaluate
Reserve Bank of India (RBI) has opened an emergency line of credit of around Rs 60,000 crore to Yes Bank to meet any liquidity crisis in paying back its depositors. The additional liquidity arsenal is in line with the RBI Act.

Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.

Peers
Company Name CMP
HDFC Bank 721.80
ICICI Bank 1366.00
Axis Bank 1241.25
Kotak Mahindra Bank 414.30
Indusind Bank 968.20
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