Page 308 - Reserve Bank Of India

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

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

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

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.

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.

RBI imposes moratorium on Yes Bank, caps withdrawals at Rs 50,000

Earlier in the day, sources said SBI along with some other financial institutions would bail out capital-starved Yes Bank, with the government giving the go-ahead.

Crude to snuff gains from weak rupee, muted global demand to hurt exports

Tourism and hospitality, auto and aviation could see a demand crunch amid coronavirus; earnings from rupee depreciation to export-driven sectors such as IT and pharma could be limited

RBI may use unconventional tools to combat coronavirus impact: Report

Globally, central banks are taking steps to provide liquidity to stabilize financial markets, which have sunk as the coronavirus spread over more than 80 countries.

Coronavirus outbreak: US Fed cuts rates by 50 bps, RBI ready to take action

This is the first time in over 11 years that the Fed has cut policy rates by 50 bps or more

Ready to take action for smooth functioning of markets: RBI on Coronavirus

The apex bank says it is closely monitoring global and domestic developments continuously

Monitoring coronavirus impact on markets, ready to take action: RBI

The outbreak of coronavirus and subsequent spread to geographies across the world has adversely affected the financial markets

RBI nudges public sector banks to take steps to increase credit growth

Bank credit growth declined to 8.5 per cent in January from 13.5 per cent in the year-ago period

RBI receives Rs 1.71 trn in third LTRO conducted for Rs 25,000 crore

The central bank received 66 bids in the three-year tenor LTRO, which has reversal date on March 1, 2023

Policy challenges of India's trek to bond indices

If the volatility in the financial market continues for a prolonged period, it could also result in important implications for asset prices

Risks to revival

The spread of coronavirus adds to significant uncertainty

Top events of the day: RBI guv to meet bank CEOs, Article 370, and more

Israel was preparing on Sunday for unprecedented repeat parliamentary elections on Monday, for the third time in less than a year

Reserve Bank governor Shaktikanta Das to hold meet with bank CEOs today

One of the issues that will come up for review is how much transmission of policy rate actions to the final customer has happened.

Bank credit growth dips to 8.5% in January from 13.5% year-ago: RBI data

Growth in advances to the services sector decelerated to 8.9 per cent from 23.9 per cent in January 2019

Currency traders see no reason to panic due to coronavirus outbreak

If there is news about the possible containment of the virus, the rupee can strengthen rather sharply