Page 305 - Latest Updates on Reserve Bank of India
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
 "RBI names R Gandhi, Ananth Gopalkrishnan addl directors on YES Bank Board")
RBI buys bonds worth Rs 10k cr, to conduct 2 more OMOs of Rs 30k cr
The central bank received bids worth Rs 45,049 crore for Friday's open market operation
RBI to inject Rs 30k cr into market for financial stability amid Covid-19
The central bank infused Rs 10,000 crore through open market operations on Friday
Coronavirus fear: Rupee breaches 75 a dollar, hits intra-day low of 75.30
A thinly traded market is compounding the problem for the rupee
 "Coronavirus fear: Rupee breaches 75 a dollar, hits intra-day low of 75.30")
YES Bank fallout: Retirees stare at a gaping hole in their savings
Investors include armed force veterans, govt employees, IT sector staff
 "YES Bank fallout: Retirees stare at a gaping hole in their savings")
YES Bank remits over Rs 397 crore to Jagannath Temple Administartion
Yes Bank had resumed complete services on March 18 after the Reserve Bank of India placed it under moratorium on March 5.
 "YES Bank remits over Rs 397 crore to Jagannath Temple Administartion")
YES Bank looks to recover Rs 8,500 cr from loan defaulters in next fiscal
Administrator Prashant Kumar said the bank had made adequate preparations for any surge in withdrawal of deposits
 "YES Bank looks to recover Rs 8,500 cr from loan defaulters in next fiscal")
Market Ahead, March 19: All you need to know before the Opening Bell
The Reserve Bank of India has decided to conduct open market operations on March 20 in the form of purchase of an aggregate amount of Rs 10,000 crore of government securities.
 "Market Ahead, March 19: All you need to know before the Opening Bell")
RBI receives Rs 27,096 cr bids in 5th LTRO conducted for Rs 25,000 cr
The RBI allotted an amount of Rs 25,012 crore, with a pro-rata allotment percentage to 92.27 per cent
 "RBI receives Rs 27,096 cr bids in 5th LTRO conducted for Rs 25,000 cr")
To maintain liquidity, RBI to purchase Rs 10,000-crore govt bonds via OMO
The central bank will conduct open market operations (OMO) on March through a multi-security auction
 "To maintain liquidity, RBI to purchase Rs 10,000-crore govt bonds via OMO")
Top headlines: S&P cuts India's growth forecast; updates on Covid-19 cases
From RBI considering relaxing bad loan rules to DoT's appeal for AGR relief to telcos, Business Standard brings to you the top headlines of the day
 "Top headlines: S&P cuts India's growth forecast; updates on Covid-19 cases")
Banks to approach RBI for relief on NPA classification amid Covid-19 fears
The appeal to the Reserve Bank of India (RBI) will be made via the Indian Banks' Association, the two senior bankers said, asking not to be named as the talks were still private
 "Banks to approach RBI for relief on NPA classification amid Covid-19 fears")
RBI may cut key interest rates by 175 bps in FY21 to tackle slowdown: Fitch
It forecast India's real GDP growth to pick up slightly to 5.4 per cent in 2020-21, from its estimate of 4.9 per cent in the current fiscal.
 "RBI may cut key interest rates by 175 bps in FY21 to tackle slowdown: Fitch")
Pace of flow into equity unsustainable as investors cut leveraged positions
The equity market hasn't yet found a bottom and it is still not a time to bottom fish
 "Pace of flow into equity unsustainable as investors cut leveraged positions")
Coronavirus impact: IBA to seek relief package for financial institutions
One of the possibilities that banks would explore is to split duties and responsibilities, apart from working in different shifts and geographies
 "Coronavirus impact: IBA to seek relief package for financial institutions")
YES Bank might face withdrawal rush after moratorium removal: Report
On March 5, the Reserve Bank of India (RBI) imposed a moratorium on the troubled private sector lender, including capping withdrawals at Rs 50,000 per depositor.
 "YES Bank might face withdrawal rush after moratorium removal: Report")
Bonds good option to park money; investors can benefit from RBI rate cuts
The short-to-medium tenure bonds, which are less volatile and could deliver better returns than cash or other liquid mutual funds are other options, say experts
 "Bonds good option to park money; investors can benefit from RBI rate cuts")
RBI formalises guidelines for regulating payment aggregators, gateways
Payment gateways, says the latest guidelines, will be considered as technology providers or outsourcing partners of banks or non-banks, as the case may be.
Market Ahead, March 17: All you need to know before the Opening Bell
The Reserve Bank of India's decision to leave interest rates unchanged for now will also impact sentiment
 "Market Ahead, March 17: All you need to know before the Opening Bell")
RBI tells banks to put in place biz continuity plans to prevent disruption
Banks and regulated entities "should also assess the impact on their balance sheet," it said