Page 22 - Shaktikanta Das

Highlights: RBI reduces repo rate by 75 bps to 4.4%; slashes CRR by 100 bps

The Monetary Policy Committee (MPC) has decided to reduce the reverse repo rate by 90 basis points (bps) to 4 per cent, and cash reserve ratio by 100 bps to 3 per cent

Market Ahead, March 27: Top factors that could guide markets today

Crisil yesterday sharply cut its India growth estimate for 2020-21 to 3.5 per cent citing the severe dent in the economic activity due to the coronavirus pandemic

Regulatory gaps

YES Bank was an accident waiting to happen

YES Bank ATMs full of cash, normal operations from tomorrow: Prashant Kumar

"Our customers will be able to enjoy all services available before the moratorium," said Prashant Kumar at a press conference in Mumbai

Market Ahead, March 17: All you need to know before the Opening Bell

The Reserve Bank of India's decision to leave interest rates unchanged for now will also impact sentiment

Don't rush to withdraw deposits from YES Bank: RBI governor Shaktikanta Das

Das said the central bank had enough instruments for use if needed - they would be deployed at a time that would maximise impact

RBI says can't rule out any policy measure to counter coronavirus impact

RBI governor Shakikanta Das announces US dollar sell/buy swap and Long Term Repo Operation.

Covid-19 panic: RBI Gov to hold presser at 4 pm as market mayhem continues

If Guc Das announces a rate cut, it will be first inter-meeting rate reduction since the monetary policy committee was instituted in February 2016

Dear governor, why save the bullet? Use it now

Beyond perking up the economy, the RBI needs to ensure proper functioning of the bond market, the credit market and the larger financial system

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.

Foreign exchange reserves a cushion for India against virus impact: RBI guv

He stressed that a swap line was critical from the point of view of preserving global financial stability

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.

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The bank's board has been superseded by RBI-appointed administrator Prashant Kumar, former deputy managing director and chief financial officer of SBI

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

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

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

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

Access to funding improves for NBFCs but not yet at pre-IL&FS level

Debt capital markets continue to shy away from the shadow banking sector

Way forward on coronavirus

Monetary accommodation may not help in India

10-yr bond yields at 39-month low as markets brace for RBI action

Reserve Bank of India (RBI) Governor Shaktikanta Das told Bloomberg in an interview on Tuesday that the central bank was ready to do whatever was needed to address a slowdown.