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Flashback 2020: RBI gets into rescue mode as banks, non-banks tide over tough year

Flashback 2020: RBI gets into rescue mode as banks, non-banks tide over tough year

29 Dec 2020

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Flashback 2020: RBI gets into rescue mode as banks, non-banks tide over tough year

Credit: Reuters

In early March, three weeks before most of India went into a lockdown to fight the coronavirus pandemic, the Reserve Bank of India took control of Yes Bank in a shock decision aimed at rescuing the lender. That wasn’t the only rescue act by the RBI this year, and it ......