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Yes Bank gets Rs 60,000cr lifeline from RBI, but there is a caveat: Report

The Reserve Bank of India (RBI) has reportedly given Yes Bank credit support of Rs 60,000 crore as the troubled private lender resumed full operation on March 18.

The line of credit (LoC) was provided to ensure that Yes Bank is able to “meet its obligations to depositors,” sources told the Business Standard.

Moneycontrol could not independently verify the report.

This is in line with RBI Governor Shaktikanta Das saying on March 16 that if required the central bank would provide necessary liquidity support and this “should come as a comforting factor for depositors.” Moody’s also raised Yes Bank’s rating and upgraded its outlook to positive following the RBI presser.

Coronavirus pandemic | Hong Kong fights COVID-19 using device developed by IIT alumnus’ startup

Amid the coronavirus outbreak, Hong Kong is using artificial intelligence (AI)-based remote monitoring system to track the health of COVID-19 patients and detecting symptoms of disease in quarantined people, The Times of India reported.

The device named Everion is developed by a Boston-based start-up Biofourmis, founded by an IIT-Chennai alumnus Kuldeep Rajput, the report said.

Everion, which includes biosensor, was developed five years ago to monitor heart failure patients. It is worn on the arm and can measure over 20 different biomarkers in real-time like oxygen levels, respiratory patterns, temperature and heart rate.

SBI CARDS & PAYMENT SERVICES

ISSUE TERMS

Issue price / Floor Price (Rs)750.00
Application per share (Rs)750.00
Minimum investment amount (Rs)14,250.00
Minimum bid (no of shares)19.00
Maximum Shares for RetailN.A.

ISSUE DATE AND SIZE

 
Issue opens02-Mar-20
Issue closes05-Mar-20
Listing onBSE, NSE
Issue size (Rs cr)10286.20