Page 304 - Latest Updates on Reserve Bank of India
RBI pulled out its bazooka to tackle Covid-19 slowdown: Experts on rate cut
The RBI said it was maintaining its "accommodative" stance, and would keep its position "as long as necessary" to revive growth, while ensuring inflation remained within target
 "RBI pulled out its bazooka to tackle Covid-19 slowdown: Experts on rate cut")
RBI follows global banks, cuts repo rate by 75 bps to fight coronavirus
The move comes after the global central banks have been cutting rates to help shore up the economy amid coronavirus pandemic
 "RBI follows global banks, cuts repo rate by 75 bps to fight coronavirus")
RBI's rate cut provides the much-needed balm to revive the economy
The repo rate has come down by 75 basis points to 4.4 per cent, while the reverse repo rate has been lowered by 90 basis points to 4 per cent now
 "RBI's rate cut provides the much-needed balm to revive the economy")
Delay in regulatory leeway likely to prove costly affair for banks
With loan growth and asset quality likely to take a hit, FY21 earnings estimates are coming under the knife
 "Delay in regulatory leeway likely to prove costly affair for banks")
Covid-19 relief: FM announces Rs 1.7 trn plan for poor, migrant workers
Package announced includes both food security and cash transfer components
 "Covid-19 relief: FM announces Rs 1.7 trn plan for poor, migrant workers")
Coronavirus outbreak will hit lending: Genpact ex-CEO Pramod Bhasin
According to him, demand reduction is likely to be over 50 per cent in many cases
 "Coronavirus outbreak will hit lending: Genpact ex-CEO Pramod Bhasin")
UPA economy doctors' prescription to tide over coronavirus crisis
C Rangarajan, Montek Singh Ahluwalia, and Pronab Sen say the present crisis is different from the one then and requires a different prescription
 "UPA economy doctors' prescription to tide over coronavirus crisis")
Stark regulatory approach: Bailout for YES Bank; nothing for PMC Bank
It is tough if you are a PMC Bank depositor to be made aware now that you are not mainstream enough
 "Stark regulatory approach: Bailout for YES Bank; nothing for PMC Bank")
RBI needs to ease asset quality norms, cut repo rate: HDFC Bank's Puri
RBI doesn't have a choice but to provide some relaxation on the asset classification norms, says Aditya Puri
 "RBI needs to ease asset quality norms, cut repo rate: HDFC Bank's Puri")
Coronavirus impact: Rupee breaches 76 a dollar as stocks take a beating
The rupee closed at 76.20 a dollar, down from its previous close of 75.20 a dollar
 "Coronavirus impact: Rupee breaches 76 a dollar as stocks take a beating")
High-debt companies face risk of default amid coronavirus spread: Analysts
CFOs, analysts say moratorium on interest is key to tide over crisis
 "High-debt companies face risk of default amid coronavirus spread: Analysts")
Statsguru: From SBI to ICICI Bank, lenders come to YES Bank's rescue
The bank, however, could not hide its bad debt under the carpet for long as RBI auditors forced all banks to disclose their bad debts
 "Statsguru: From SBI to ICICI Bank, lenders come to YES Bank's rescue")
Clarification needed from RBI: Is 100% repayment of deposits guaranteed?
I wonder even in the case of nationalised banks whether a 100 per cent repayment of deposits is guaranteed
 "Clarification needed from RBI: Is 100% repayment of deposits guaranteed?")
How RBI set up war-room in just one day amid coronavirus outbreak
The facility, operational from March 19 as part of the Business Contingency Plan (BCP), was up and running in 24 hours of the central bank taking a decision to this effect, according to an official
 "How RBI set up war-room in just one day amid coronavirus outbreak")
RBI extends curbs on PMC Bank by 3 months as it works on revival plan
RBI has been talking to other authorities on sale of securities and loan recovery; Unlike in commercial banks, it has no powers to evolve an enforceable reconstruction plan for a co-op bank
 "RBI extends curbs on PMC Bank by 3 months as it works on revival plan")
RBI extends regulatory restrictions on PMC Bank by 3 months till June
The RBI had put a six-month regulatory restriction on the bank on September 23, 2019
 "RBI extends regulatory restrictions on PMC Bank by 3 months till June")
PSBs stare at tough quarter over coronavirus and higher provisioning
Slimmer chances of recovering Rs 20,000 cr from Bhushan Steel resolution in the near future add to lender's woes
 "PSBs stare at tough quarter over coronavirus and higher provisioning")
Coronavirus wrap: India sees highest cases in a day, SBI's new credit plan
Prime Minister Narendra Modi discussed with chief ministers ways and preparedness of the states to check the virus spread
 "Coronavirus wrap: India sees highest cases in a day, SBI's new credit plan")
RBI's coronavirus contingency plan: Keep it going from a secret location
A crack team of 150 overseeing critical operations from a hotel
 "RBI's coronavirus contingency plan: Keep it going from a secret location")
RBI names R Gandhi, Ananth Gopalkrishnan addl directors on YES Bank Board
Appointment is for two years; this is Gandhi's second stint in the same capacity