{"id":21797,"date":"2020-09-14T04:58:54","date_gmt":"2020-09-14T04:58:54","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=21797"},"modified":"2020-09-14T04:58:54","modified_gmt":"2020-09-14T04:58:54","slug":"yes-bank-has-repaid-special-liquidity-facility-of-rs-50000-crore-to-rbi-chairman","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=21797","title":{"rendered":"Yes Bank has repaid special liquidity facility of Rs 50,000 crore to RBI: Chairman"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"article-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" class=\"lazy lazy-hidden size-full wp-image-2080172\" data-lazy-type=\"image\" src=\"https:\/\/images.financialexpress.com\/2020\/09\/1-375.jpg\" alt=\"He added that the bank is working on three pillars of sustainable growth \u2013 driving operational excellence through digitisation, strong governance and risk frameworks \u2013 and sharing success with stakeholders.\" width=\"660\" height=\"440\" srcset=\"\" sizes=\"auto, (max-width: 660px) 100vw, 660px\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"lazy lazy-hidden size-full wp-image-2080172\" data-lazy-type=\"image\" src=\"https:\/\/images.financialexpress.com\/2020\/09\/1-375.jpg\" alt=\"He added that the bank is working on three pillars of sustainable growth \u2013 driving operational excellence through digitisation, strong governance and risk frameworks \u2013 and sharing success with stakeholders.\" width=\"660\" height=\"440\" srcset=\"\" sizes=\"auto, (max-width: 660px) 100vw, 660px\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2080172\" src=\"https:\/\/images.financialexpress.com\/2020\/09\/1-375.jpg\" alt=\"He added that the bank is working on three pillars of sustainable growth \u2013 driving operational excellence through digitisation, strong governance and risk frameworks \u2013 and sharing success with stakeholders.\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2020\/09\/1-375.jpg 660w, https:\/\/images.financialexpress.com\/2020\/09\/1-375-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2020\/09\/1-375-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2020\/09\/1-375-401x267.jpg 401w, https:\/\/images.financialexpress.com\/2020\/09\/1-375-440x293.jpg 440w, https:\/\/images.financialexpress.com\/2020\/09\/1-375-80x54.jpg 80w, https:\/\/images.financialexpress.com\/2020\/09\/1-375-313x209.jpg 313w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\"\/><\/noscript><\/noscript><span class=\"article-caption\">He added that the bank is working on three pillars of sustainable growth \u2013 driving operational excellence through digitisation, strong governance and risk frameworks \u2013 and sharing success with stakeholders.<\/span><\/figure>\n<\/div>\n<p><a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/yes-bank-ltd-stock-price\/\" rel=\"noopener noreferrer\">Yes Bank<\/a> has repaid the special liquidity facility (SLF) of Rs 50,000 crore to the Reserve Bank of India (<a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/tag\/rbi\/\" rel=\"noopener noreferrer\">RBI<\/a>) on September 8, well before the due date, chairman Sunil Mehta said at the bank\u2019s annual general meeting on Thursday. He added that the bank is working on three pillars of sustainable growth \u2013 driving operational excellence through digitisation, strong governance and risk frameworks \u2013 and sharing success with stakeholders.<\/p>\n<p>\u201cThe board of directors of the bank recognises that we must continue to strengthen and augment our oversight along with governance and risk management practices,\u201d Mehta said. Acknowledging that strong corporate governance is key to the success of an institution, the board has identified \u2018culture of compliance\u2019 as a key asset that it needs to nurture and cherish.<\/p>\n<p>Mehta referred to the RBI discussion paper on improving the quality of governance and empowering the board of directors to set the culture and values of the institution, identify and manage conflicts of interest, manage risks while also improving the supervisory oversight of senior management.<\/p>\n<p>In order to ensure effective risk management practices which benefit all stakeholders, the board has ensured that efficient risk frameworks are put in place so that risks are identified, evaluated and addressed appropriately, Mehta said. \u201cMuch of the work undertaken is not only to meet regulatory requirements, but to make the bank stronger, agile and efficient,\u201d he added.<\/p>\n<p>Mehta said after Yes Bank\u2019s follow-on public offer, its pro-forma common equity tier (CET) 1 ratio has doubled to 13.4% from 6.6% at the end of June 2020, bringing its capitalisation largely in line with peers from the private sector. \u201cThe significantly-improved solvency ratio strengthens the bank\u2019s resilience to potential asset quality risks resulting from the impact of the economic slowdown and Covid-related disruptions on the India\u2019s economy,\u201d he said.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/s-p-bse-sensex-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">BSE<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nifty-50-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">NSE<\/a>, <a href=\"https:\/\/www.financialexpress.com\/investing-abroad\/\" target=\"_blank\" rel=\"noopener noreferrer\">US Market<\/a> and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\"https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\"https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<p class=\"telegram-text\"><img loading=\"lazy\" decoding=\"async\" class=\"telegrma_img\" src=\"https:\/\/images.financialexpress.com\/2020\/04\/telegram.png\" alt=\"\" width=\"24\" height=\"24\" style=\"margin: 0px 5px 4px 0px; float: left;\"\/>Financial Express is now on Telegram. <a href=\"https:\/\/t.me\/TheFinancialExpressOnline\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to join our channel<\/a> and stay updated with the latest Biz news and updates.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\\\"https:\/\/www.financialexpress.com\/industry\/banking-finance\/yes-bank-has-repaid-special-liquidity-facility-of-rs-50000-crore-to-rbi-chairman\/2080171\/\\\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>He added that the bank is working on three pillars of sustainable growth \u2013 driving operational excellence through digitisation, strong governance and risk frameworks \u2013 and sharing success with stakeholders. Yes Bank has repaid the special liquidity facility (SLF) of Rs 50,000 crore to the Reserve Bank of India (RBI) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21798,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-21797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/09\/1-375.jpg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/21797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21797"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/21797\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/21798"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}