March 16, 2020 / 11:37 AM / 16 days ago

India's central bank says will provide necessary liquidity to Yes Bank if needed

MUMBAI, March 16 (Reuters) - India’s central bank said on Monday it would step in to provide liquidity to troubled Indian lender Yes Bank, if needed.

If needed, the Reserve Bank of India (RBI) will step in to provide necessary liquidity to Yes Bank, central bank governor Shaktikanta Das said in a press briefing on Monday, adding that there was no reason for depositors to rush to withdraw funds from the bank.

Reporting by Swati Bhat and Nupur Anand; Editing by Euan Rocha

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