Page 308 - Latest Updates on Reserve Bank of India
YES Bank resumes inward NEFT, IMPS services; customers can now pay dues
YES Bank administrator Prashant Kumar said that the moratorium imposed by the Reserve Bank of India could be lifted before the end of this week
 "YES Bank resumes inward NEFT, IMPS services; customers can now pay dues")
Price of leadership
SBI's YES Bank investment raises questions
 "Price of leadership")
Best of BS Opinion: The oil crash, SBI's YES Bank investment, and more
Here's a selection of Business Standard Opinion pieces for the day.
 "Best of BS Opinion: The oil crash, SBI's YES Bank investment, and more")
10-year bond yields at decade-plus low; rupee falls as oil prices crash
The Sensex fell nearly 2,000 points, as foreign investors liquidated their investments for safe haven assets such as US bonds. As prices of bonds rise, yields fall.
 "10-year bond yields at decade-plus low; rupee falls as oil prices crash")
Oil price slump: Centre may not hike excise duty for petro products
For 2019-20, the Centre had estimated average crude price of $55 a barrel, and for 2020-21, it has been assumed at $50 a barrel.
 "Oil price slump: Centre may not hike excise duty for petro products")
YES Bank to transform into a retail bank: Administrator Prashant Kumar
Hopeful that moratorium on withdrawal will be lifted by Friday, says bank administrator
 "YES Bank to transform into a retail bank: Administrator Prashant Kumar")
Business not as usual: YES Bank changes way banks, Mint Road are looked at
Former RBI governor, Urijit Patel, had said in the aftermath of the blowout at PNB that the banking regulator was better positioned when it came to the oversight of private banks.
 "Business not as usual: YES Bank changes way banks, Mint Road are looked at")
YES Bank crisis: Paying loan? Shift ECS mandate to a nationalised bank
If you are paying a personal/home loan or doing SIPs, shift ECS mandate to another bank. It just might make sense to have one account with a nationalised bank
 "YES Bank crisis: Paying loan? Shift ECS mandate to a nationalised bank")
Meet Prashant Kumar, SBI veteran asked to steer Yes Bank in rough seas
Kumar's mettle was tested in field while leading Kolkata circle as chief General Manager and as general manager in erstwhile Maharashtra and Goa circle.
 "Meet Prashant Kumar, SBI veteran asked to steer Yes Bank in rough seas")
Hopeful of moratorium being lifted this week: Yes Bank administrator
The bank, which had over Rs 2.09 lakh crore in deposits, was put under moratorium last Thursday due to an inability to raise capital. Its board was superseded and Kumar was placed as the administrator
 "Hopeful of moratorium being lifted this week: Yes Bank administrator")
Yes Bank may resume normal operations by Friday, says Prashant Kumar
RBI on Thursday took control of Yes Bank, after the lender - which is laden with bad debts - failed to raise the capital it needs to stay above mandated regulatory requirements.
Yes Bank rescue: India's TARP moment?
Why did the Reserve Bank have to take the moratorium route to sew the deal? Why now?
 "Yes Bank rescue: India's TARP moment?")
YES Bank: Anmi urges RBI to consider exempting capital market transactions
The development comes after YES Bank on Thursday was put under a moratorium, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board
 "YES Bank: Anmi urges RBI to consider exempting capital market transactions")
YES Bank debt writedown to raise borrowing cost, hit sector capital-raising
RBI said it would work on a revival plan, as part of which bonds classified as AT1 capital will be written down "permanently, in full"
YES Bank rescue plan may cause wider economic pain in the country, says S&P
The risk premiums for AT1 instruments of private sector banks in India will spike in the aftermath of the Yes Bank bailout according to the rating agency
We do not hold any additional tier I bonds of YES Bank: Shriram Transport
The company further noted that "the company had invested in Upper Tier II Bonds of Yes Bank Ltd of Rs 50 crores in the year 2010 and the same are outstanding as on date"
Fast growth to quick fall: The story of Yes Bank's changing fortunes
Yes Bank has been put under moratorium and may have to take a government-planned bailout.
 "Fast growth to quick fall: The story of Yes Bank's changing fortunes")
YES Bank fallout: RBI move casts shadow on Rs 1-trillion AT-1 bond market
Forcing bondholders to take 100 per cent haircut on the bank's AT-1 bonds would lead to losses to the tune of Rs 10,800 crore, estimates Acuite Ratings
 "YES Bank fallout: RBI move casts shadow on Rs 1-trillion AT-1 bond market")
Retail investors bought YES Bank shares as institutions exited en masse
Soon after the RBI announced the moratorium, global bank JP Morgan pegged YES Bank shares at Rs 1 a share.
 "Retail investors bought YES Bank shares as institutions exited en masse")
India's inflation likely fell to a 3-month low in February: Poll
Inflation eased to 6.80%, lower than January's 7.59%, according to a poll of economists
 "India's inflation likely fell to a 3-month low in February: Poll")