Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | In spite of RBI’s warning, Centre invested Rs 250 crore in Yes Bank in 2019-20

In spite of RBI’s warning, Centre invested Rs 250 crore in Yes Bank in 2019-20

Share this article Share this article
published Published on Sep 29, 2021   modified Modified on Oct 1, 2021

-Scroll.in

The RBI had first flagged serious lapses in the bank’s governance in 2018.

The Centre invested Rs 250 crore with private lender Yes Bank in the financial year 2019-’20 even though the Reserve Bank of India had deemed the bank as risky in 2018, shows the financial statement of the Prime Minister’s National Relief Fund.

The investment in Yes Bank Fixed Deposit Receipts was made even as Finance Minister Nirmala Sitharaman last year said that the RBI had been monitoring the bank since 2017.

To put the amount in perspective, the investment was more than the Rs 222 crore the government spent in providing relief measures during the financial year 2019-’20, the National Herald reported.

The RBI had first flagged serious lapses in Yes Bank’s governance in 2018. It then repeatedly pulled up the bank for under-reporting its non-performing assets, which stood at 7.4% as of September 2019.

Please click here to read more. 


Scroll.in, 29 September, 2021, https://scroll.in/latest/1006566/in-spite-of-rbis-warning-centre-invested-rs-250-crore-in-yes-bank-in-2019-20?fbclid=IwAR0Cvzlk_OtQYLZGD0n0WOC0vgGj3v0g7iWvyQHmlSAoSROVumxTSWUrqIY


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close