RBI
RBI announces reconstruction of Yes Bank; SBI to pool in 49% equity
09 Mar 2020
As per the scheme of reconstruction, the authorised share capital of Yes bank will stand altered to Rs5,000 crore and the investor bank (SBI) will invest up to 49 per cent shareholding at a price not less than Rs10 for a Rs2 share, ie, at a premium of Rs8 per share
Yes Bank under moratorium; RBI imposes lending curbs
06 Mar 2020
RBI has assured depositors of the bank that it will explore and draw up a scheme in the next few days for the bank’s reconstruction or amalgamation and with the approval of the central government, put the same in place well before the period of moratorium of 30 days ends
RBI proposes new umbrella entity for retail payment systems
12 Feb 2020
RBI has proposed the incorporation of a separate entity having a minimum paid-up capital of Rs500 crore, which may be a ‘for-profit’ company authorised by the Reserve Bank of India under the Payment and Settlement Systems Act, 2007
RBI keeps repo rate unchanged at 5.15% as inflation spikes
06 Feb 2020
The Monetary Policy Committee expects consumer price inflation that has peaked to 7.4 per cent in December 2019, to tame itself as onion prices plummet
Bank’s bad loans may rise, credit growth to remain subdued: RBI
30 Dec 2019
NPAs in the banking system may rise due to a change in macroeconomic scenario, marginal increase in slippages and the denominator effect of declining credit growth, even as the financial system remained stable, says RBI
