Page 307 - Latest Updates on Reserve Bank of India
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")
YES Bank fiasco: RBI asks states not to withdraw funds from private banks
'We strongly believe that such a move can have banking and financial sector stability implications,' the letter stated
 "YES Bank fiasco: RBI asks states not to withdraw funds from private banks")
Retail inflation falls to 6.58% in February as food prices cool down
The latest numbers could increase the clamour for a rate cut by RBI's Monetary Policy Committee in its next meeting in April
 "Retail inflation falls to 6.58% in February as food prices cool down")
Coronavirus: RBI may slash rates by at least 65 bps by June, says Barclays
The RBI will begin to look beyond inflation and start easing rates to the tune of 65 basis points by June, according to Barclays
 "Coronavirus: RBI may slash rates by at least 65 bps by June, says Barclays")
RBI likely to go for inter-meeting repo rate cut of 25-40 bps: Report
RBI has the official mandate of keeping CPI inflation at 4 per cent, with a 2% band
 "RBI likely to go for inter-meeting repo rate cut of 25-40 bps: Report")
Yes Bank crisis: RBI asks state govts not to move deposits from pvt banks
Himachal Pradesh Chief Minister Jai Ram Thakur informed the Assembly that more than Rs 1,900 crore belonging to the state government and people in the state are stuck in Yes Bank
 "Yes Bank crisis: RBI asks state govts not to move deposits from pvt banks")
RBI announces USD INR sell/buy swap for liquidity amid Coronavirus
The first sell/buy swap auction involving $2 billion will be held on Monday, the central bank said
RBI may come to the rescue of bleeding markets with liquidity-boost
The market has been expecting an off-cycle interest rate cut by the Reserve Bank of India but the source said no such step is being mulled at this point in time
Moratorium on YES Bank could impact most corporates briefly: India-Ratings
Corporate groups with a large dependency on the bank could face a longer period of disruption.
 "Moratorium on YES Bank could impact most corporates briefly: India-Ratings")
Rupee can slip 3% more; rate cut, regulatory intervention needed
In the past few sessions, the move in the Rupee has been largely offshore driven, taking precariously close to a new all-time low of 74.48 against the US Dollar
 "Rupee can slip 3% more; rate cut, regulatory intervention needed")
Yes Bank crisis: CBI issues lookout circular against Rana Kapoor, 6 others
The look out circular (LOC) was issued against all these seven accused to prevent any attempts to leave the country, the officials said
 "Yes Bank crisis: CBI issues lookout circular against Rana Kapoor, 6 others")
Over 100 people in Yes Bank's 'top management' may lose ESOPs, bonuses
The first-of-its-kind move will mark the activation of RBI's ironclad November 4, 2019 guidelines on the compensation
 "Over 100 people in Yes Bank's 'top management' may lose ESOPs, bonuses")
There was enough time to put together plan for YES Bank: Raghuram Rajan
Crisis-ridden Yes Bank was put under a moratorium last week, with the RBI capping withdrawals at Rs 50,000 per account and superseding its board.
 "There was enough time to put together plan for YES Bank: Raghuram Rajan")
YES Bank bailout may renew fund, liquidity pressure on NBFIs: Fitch
The move comes even as the impact of coronavirus is beginning to be felt in India, raising further risks to economic growth and NBFI asset quality
 "YES Bank bailout may renew fund, liquidity pressure on NBFIs: Fitch")
ICAI to review YES Bank's financial statements for FY18 and FY19
Firms say there are limits to audits identifying ever-greening of loans, or flagging suspect collateral securities
 "ICAI to review YES Bank's financial statements for FY18 and FY19")
YES Bank crisis: Cabinet likely to take up revival plan on March 13
RBI Governor Shaktikanta Das had met SBI Chairman Rajnish Kumar on Friday to discuss the way forward.
YES Bank planning to sell Rs 4,000-crore exposure to Vodafone Idea
Proceeds to be used to shore up liquidity
Anil Ambani's Rel Home Finance defaulted on Rs 40 cr loan repayment in Feb
The company has cash on hand of approximately Rs 700 crore in the form of investment in liquid mutual fund
 "Anil Ambani's Rel Home Finance defaulted on Rs 40 cr loan repayment in Feb")
Top 10 business headlines: Rana Kapoor influenced loan decisions, says Gill
From Markets bracing for stormy days to Mukesh Ambani loses Asia's wealth crown, Business Standard brings you top business headlines of the day
Rollover risks rise for additional tier-I bonds after YES Bank crisis
According to a note by ICRA, the RBI move can have negative repercussions for the entire AT-1 bond market, which currently stands at around Rs 93,669 crore
 "Rollover risks rise for additional tier-I bonds after YES Bank crisis")