YES Bank returns Rs 50,000 cr special funding to RBI way ahead of due date

RBI had extended special funding support as a part of restructuring scheme to rescue the ailing bank

Private sector lender YES Bank repaid Rs 50,000 crore it took under Reserve Bank’s special liquidity facility (SLF) on September 8, well before the due date. Bank Chairman Sunil Mehta, in his address to shareholders at the bank’s annual general meeting (AGM), said the bank could do so because it received strong customer liquidity inflows.

RBI had extended special funding support as a part of restructuring scheme to rescue the then ailing bank.

CRISIL has upgraded rating on the bank’s certificates of deposit (CD) from “A2” to “A2+” due to the improvement in the funding and liquidity profile of the bank. This