Reserve Bank of India

Capital / Liquidity

Indian Banks Directed to Extend Emergency Credit to SMEs

By Editors | 26/03/2020

The government has also asked the RBI to consider implementing a months-long moratorium on the debt repayments and to relax NPA classification norms.

AML / KYC

RBI Brings Payment Aggregators Under Regulatory Remit

By Editors | 19/03/2020

The capital requirement for payment aggregators has been reduced to 150mn rupees, down from 1bn rupees proposed in September.

RBI Intervenes to Provide US Dollar, Rupee Liquidity

By Editors | 16/03/2020

The RBI’s move to provide US dollar liquidity amid a sinking rupee had the unintended consequence of squeezing liquidity in its domestic currency.

Capital / Liquidity

RBI Amends Exposure Norms for Urban Cooperative Banks

By Editors | 16/03/2020

The single borrower and group exposure limit will be 15% and 25% of tier 1 capital, respectively, compared to 15% and 40% of total capital previously.

Capital / Liquidity

India’s Cabinet Green Lights Yes Bank Rescue Plan

By Editors | 16/03/2020

State Bank of India and 7 other FIs are investing over 100bn rupees in Yes Bank’s equity. The bank’s moratorium will be lifted on Wednesday.

RBI to Provide Liquidity in Forex Market as Rupee Crashes

By Editors | 13/03/2020

The RBI will offer USD/INR sell/buy swaps to bolster FX  market liquidity, as foreign investors withdraw from India amid growing concerns over Covid-19’s economic impact.

Capital / Liquidity

RBI Finalises Yes Bank Rescue Plan, Including Funding Lines

By Editors | 12/03/2020

State Bank of India and other banks will invest about 500 billion rupees in Yes Bank shares and CDs. AT1 bondholders will recover about 20% of their investment.

AML / KYC

India: Yes Bank Co-founder Arrested Over Illicit Kickbacks

By Editors | 10/03/2020

The arrest comes just days after the RBI seized control of Yes Bank due to its inability to raise capital to restore liquidity and address loan losses and credit downgrades.

Capital / Liquidity

UPDATED – RBI Seizes Control of Troubled Lender Yes Bank

By Editors | 06/03/2020

The RBI says it had “no alternative” to protect the interests of the public and depositors, given the absence of a credible revival plan. A draft plan for Yes Bank’s reconstruction is open for comment.