RBI extends Rs 60,000-crore credit line to Yes Bank

As per Section 17 of RBI Act 1934, the central bank can provide liquidity support to any lender in the form of loans and advances against collateral such as stocks, funds and securities (other than immovable property) in which a trustee is authorised to invest trust money by an Act of Parliament.

from Banking/Finance-Industry-Economic Times https://ift.tt/3dfgtLo