YES Bank, LVB events show RBI did not identify 'evergreening', shows Eco Survey

The economic survey went on to add the audits conducted by the RBI failed to capture the evergreening at Yes Bank and LVB. Yes Bank had to be rescued by a consortium led by State Bank of India in March 2020 while LVB was force-merged with DBS Bank India at the end of last calendar year.

from Banking/Finance-Industry-Economic Times https://ift.tt/3iZhzym