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Current Affairs

RBI extends Rs 50,000 crore Liquidity Window by 3 Months to Yes Bank

Current Context: The Reserve Bank of India has extended a special liquidity window of Rs 50,000 crore by another three months to the private sector Yes bank.
RBI extends Rs 50,000 crore Liquidity Window by 3 Months to Yes Bank

  • The decision was taken in order to avoid a shortfall in deposits to be faced by the bank.
  • Therefore, now the Yes Bank can access Rs 50,000 crore liquidity window if the outflow of deposits exceeds the accretion of fresh deposits.
  • Initially, Yes Bank was provided with special liquidity window in the month of March for three months, which ended in June.
  • The RBI has made emergency credit line of nearly Rs 600 billion available when Yes Bank was under a moratorium that restricted deposit withdrawal at Rs 50,000 crore.
  • Therefore now this extension allowed by RBI on Yes bank will help Yes Bank to meet regulatory requirement and fund its growth.
  • Static Part: 
    • HQ of RBI: Mumbai
    • Governor of RBI: Shaktikanta Das
    • HQ of Yes Bank: Mumbai
    • Tagline of Yes Bank: Experience our expertise
    • MD and CEO of Yes Bank: Prashant Kumar

Question: 

Q.1 The Reserve Bank of India has extended a special liquidity window of Rs ______ by another three months to the private sector Yes Bank?
a. Rs 40,000 crore
b. Rs 50,000 crore
c. Rs 45,000 crore
d. Rs 55,000 crore
RBI extends Rs 50,000 crore Liquidity Window by 3 Months to Yes Bank RBI extends Rs 50,000 crore Liquidity Window by 3 Months to Yes Bank Reviewed by Neha Verma on June 24, 2020 Rating: 5

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