16 Oct 2026IndiaBusiness & marketsAI-written from sources
Supreme Court says RBI was a 'mere bystander' as YES Bank operated clandestinely
What happened
According to a Live Law headline, the Supreme Court of India observed that the Reserve Bank of India (RBI) was a "mere bystander" while YES Bank carried out its business "clandestinely".
When it started
The date of the observation is not given in the material provided. It was reported by Live Law and surfaced as a trending topic in India.
How it spread
The headline suggests the remark came during a Supreme Court hearing or judgment involving YES Bank and the RBI. The case name, bench and specific context are not stated in the available information.
Why it matters
The remark bears on how India's banking regulator is seen to have supervised a private bank that later faced a crisis. The full ruling and its legal effect are not detailed in the sources provided.