Page 310 - Latest Updates on Reserve Bank of India
'Most of us don't know what happened': Yes Bank customers flock branches
Across branches, the busiest people were the relationship managers, trying to soothe nerves
 "'Most of us don't know what happened': Yes Bank customers flock branches")
Crisis at YES Bank highlights governance risk in banking sector: Fitch
The central bank's takeover of Yes Bank appears intended to restore depositor confidence
 "Crisis at YES Bank highlights governance risk in banking sector: Fitch")
Working to revive Yes Bank well before moratorium ends: RBI-appointed admin
Kumar, an ex-chief financial officer of SBI, also assured depositors that their money is safe and there is no reason to panic
 "Working to revive Yes Bank well before moratorium ends: RBI-appointed admin")
There will be limited sectoral impact on industries from Coronavirus: Das
The comments from Das come days after the RBI assuaged markets that it will do all it can to minimise the coronavirus impact.
 "There will be limited sectoral impact on industries from Coronavirus: Das")
RBI to look into what went wrong at Yes Bank, fix responsibilities: FM
On finding risky credit decisions, the RBI advised change in management, the Finance Minister said
 "RBI to look into what went wrong at Yes Bank, fix responsibilities: FM")
Distress calls, long queues at branches of Yes Bank post withdrawal limit
The bank's board has been superseded by RBI-appointed administrator Prashant Kumar, former deputy managing director and chief financial officer of SBI
 "Distress calls, long queues at branches of Yes Bank post withdrawal limit")
YES Bank stock crash and financial mess: How the crisis unfolded in 2 years
Companies that failed to repay their loans to YES Bank include Dewan Housing Finance, Essel group, CG Power, the Anil Ambani group companies, and Videocon
 "YES Bank stock crash and financial mess: How the crisis unfolded in 2 years")
Digital architectures expanding reach of credit to MSMEs: RBI Governor
"The need is to have a right set of policies and enabling framework which guide and support MSMEs to effectively handle their existing problems and venture into new areas," Das said
 "Digital architectures expanding reach of credit to MSMEs: RBI Governor")
RBI's move to take control of YES Bank puts Mutual Funds on the edge
As many as 32 mutual fund schemes have exposure to bank's AT-1 bonds
 "RBI's move to take control of YES Bank puts Mutual Funds on the edge")
RBI to come up with a reconstruction plan for YES Bank soon: Sources
"This will surely not be a rescue plan. You will get to know when the scheme is out," a top SBI executive who did not wish to be named said, hinting that SBI might not take over YES Bank
 "RBI to come up with a reconstruction plan for YES Bank soon: Sources")
YES Bank crisis: FM assures depositors as RBI promises quick resolution
RBI has assured there will be a quick resolution, says FM, even as RBI Governor promises resolution in 30 days; SBI Chairman Rajnish Kumar says problem at hand is lender-specific, not sectoral
Want to assure YES Bank depositors that their money is safe: FM Sitharaman
She added that the people can withdraw money to deal with tough situations and the cash crunch is being dealt with
YES Bank resolution will be swift, 30 days is an outer limit: RBI governor
The RBI governor also said that the impact of Covid-19 on India will be limited
 "YES Bank resolution will be swift, 30 days is an outer limit: RBI governor")
YES Bank customers shocked over moratorium; ATMs, branches run our of cash
RBI on Thursday imposed a month-long moratorium on YES Bank citing "serious deterioration in its financial position"
 "YES Bank customers shocked over moratorium; ATMs, branches run our of cash")
RBI supersedes board of troubled YES Bank, sets Rs 50,000 withdrawal limit
Lender placed under moratorium; withdrawal capped at Rs 50,000; govt, central bank flag governance issues
 "RBI supersedes board of troubled YES Bank, sets Rs 50,000 withdrawal limit")
Top 10 biz headlines: RBI supersedes YES Bank, SBI considers buying stake
From the State Bank of India exploring opportunity to pick up stake in YES Bank to RBI Deputy Governor deciding to step down, Business Standard brings you the top headlines of the day
 "Top 10 biz headlines: RBI supersedes YES Bank, SBI considers buying stake")
RBI Deputy Governor Vishwanathan to quit by Mar 31 over health issues
While the Reserve Bank has accepted his request to be relieved by March 31, the same has to be accepted by the Cabinet as well, which is likely to happen any day given his health condition
 "RBI Deputy Governor Vishwanathan to quit by Mar 31 over health issues")
Govt puts Yes Bank under moratorium; withdrawals limited to Rs 50,000
This has been done to quickly restore depositors' confidence in the bank. The scheme for reconstruction and amalgamation of bank is also being put in place, RBI said in the statement.
Withdrawal limit to 'govt bailout': 10 points about Yes Bank's troubles
Yes Bank has been placed under moratorium and the government is reportedly planning a rescue plan involving a capital injection by a consortium led by State Bank of India.
 "Withdrawal limit to 'govt bailout': 10 points about Yes Bank's troubles")
Yes Bank put under moratorium, withdrawals capped at Rs 50,000
The RBI removed Yes Bank's board and appointed Prashant Kumar, a former chief financial officer of the State Bank of India (SBI), as administrator.
 "Yes Bank put under moratorium, withdrawals capped at Rs 50,000")