Page 306 - Latest Updates on Reserve Bank of India
Moody's upgrades YES Bank's ratings; outlook changed to positive
The rating action concludes the review with direction uncertain that was initiated on Yes Bank's ratings on 06 March 2020. Ailing private sector bank was placed under moratorium on March 5, 2020.
 "Moody's upgrades YES Bank's ratings; outlook changed to positive")
Telcos' stressed assets: IBA tries to overcome the stumbling blocks
The IBA's request highlights the roadblocks in resolving stress assets in this sector under the IBC
 "Telcos' stressed assets: IBA tries to overcome the stumbling blocks")
Customers can access all banking services from Wednesday evening: Yes Bank
The government on Saturday notified the reconstruction plan for cash-strapped Yes Bank and said the moratorium will be lifted by 18:00 hrs on March 18, much earlier than the earlier date of April 3.
 "Customers can access all banking services from Wednesday evening: Yes Bank")
Covid-19 panic: RBI Gov to hold presser at 4 pm as market mayhem continues
If Guc Das announces a rate cut, it will be first inter-meeting rate reduction since the monetary policy committee was instituted in February 2016
 "Covid-19 panic: RBI Gov to hold presser at 4 pm as market mayhem continues")
Best of BS Opinion: Financial market stress, policy after COVID-19 and more
Here's a selection of Business Standard Opinion pieces for the day
 "Best of BS Opinion: Financial market stress, policy after COVID-19 and more")
FinMin may cut interest rates on small savings schemes for April-June qtr
The govt last cut the small savings rates for the July-September 2019 quarter, except for one scheme
 "FinMin may cut interest rates on small savings schemes for April-June qtr")
Cryptocurrency exchanges will go live soon. Are you ready to invest?
Extreme volatility means they should form only a limited portion of your portfolio
 "Cryptocurrency exchanges will go live soon. Are you ready to invest?")
Govt notifies YES Bank rescue scheme; moratorium to be lifted on March 18
Three-year lock-in period for investors
 "Govt notifies YES Bank rescue scheme; moratorium to be lifted on March 18")
Bandhan Bank to invest Rs 300 cr in Yes Bank as part of reconstruction plan
ICICI Bank, HDFC, Axis Bank and Kotak Mahindra Bank too on Friday said they will join the SBI-led consortium and invest in Yes Bank
 "Bandhan Bank to invest Rs 300 cr in Yes Bank as part of reconstruction plan")
YES Bank crisis: RBI's Moratorium on lender to be lifted on March 18
RBI had on March 5 put a moratorium on Yes Bank restricting withdrawals to Rs 50,000 per depositor till April 3
 "YES Bank crisis: RBI's Moratorium on lender to be lifted on March 18")
YES Bank gets Rs 3,100-cr lifeline from pvt lenders; moratorium to go soon
The YES Bank reconstruction plan will include an equity investment of at least Rs 11,350 crore from various entities, including multiple private lenders.
Market rout: RBI intervenes to protect continuously falling rupee
"The central bank may have been intervening in these markets in small measures in the past too, but Friday's action was quite loud," said a senior currency dealer requesting anonymity.
 "Market rout: RBI intervenes to protect continuously falling rupee")
Govt, RBI to take necessary steps, says Sitharaman on coronavirus impact
'We are conscious of the developments. Together with the RBI, we are monitoring and making sure where necessary, we take steps' Sitharaman said
 "Govt, RBI to take necessary steps, says Sitharaman on coronavirus impact")
RBI may slash rates by 0.75% before next policy review on April 3: BofA
Amid talk of a review of the flexible inflation targeting framework, it said the revised contracts will introduce growth and financial stability as co-objectives of monetary policy along with price st
 "RBI may slash rates by 0.75% before next policy review on April 3: BofA")
YES Bank's Reconstruction Scheme: The story so far
Hours after the Cabinet approved restructuring scheme for YES Bank, private lenders ICICI Bank, HDFC, Kotak Mahindra Bank and Axis Bank came to the cash-strapped bank's rescue
 "YES Bank's Reconstruction Scheme: The story so far")
ICICI Bank, HDFC, Kotak and Axis Bank join SBI to invest in YES Bank
The ICICI Bank in a regulatory filing said that the board has approved an equity investment of up to Rs 1000 crore in equity shares of YES Bank Limited
 "ICICI Bank, HDFC, Kotak and Axis Bank join SBI to invest in YES Bank")
Govt, RBI closely monitoring: FM on market volatility over Coronavirus
Together with the RBI, the government is closely monitoring markets, she said on the situation arising out of a panic spread of coronavirus pandemic.
 "Govt, RBI closely monitoring: FM on market volatility over Coronavirus")
Best of BS Opinion: Coronavirus impact, AT-1 bond crisis, and more
From the conditions that would help India meet its aerospace targets to the lessons we ought to learn from the coronavirus outbreak, here's a selection of Business Standard Opinion pieces for the day
 "Best of BS Opinion: Coronavirus impact, AT-1 bond crisis, and more")
LVB asserts liquidity coverage ratio higher than RBI-mandated level
The bank would like to take this opportunity "to assure our customers that their deposits are safe in our bank"
 "LVB asserts liquidity coverage ratio higher than RBI-mandated level")
Coronavirus impact: RBI offers $2-bn swaps to deal with currency swings
In a statement on its website, the RBI said it was doing the swaps in view of the intense selling pressure witnessed worldwide on 'extreme risk aversion due to the spread of COVID-19 infections'
 "Coronavirus impact: RBI offers $2-bn swaps to deal with currency swings")