All posts tagged "State Bank of India"
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354Capital RegulationIndia Approves Special Liquidity Scheme for NBFCs
An SPV back by State Bank of India will buy investment-grade debt paper with residual maturity under three months to provide NBFCs and HFCs liquidity to settle existing debt.
July 2, 2020 -
1.2KIndiaIndia: Banks Agree to Extend Loan Moratorium to NBFCs
RBI governor Shaktikanta Das has made clear that NBFCs are eligible for the loan moratorium being extended to other borrowers.
May 8, 2020 -
510Capital Regulation
Indian Banks Directed to Extend Emergency Credit to SMEs
The government has also asked the RBI to consider implementing a months-long moratorium on the debt repayments and to relax NPA classification norms.
March 27, 2020 -
235Capital RegulationIndia’s Cabinet Green Lights Yes Bank Rescue Plan
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.
March 16, 2020 -
576Capital Regulation
RBI Finalises Yes Bank Rescue Plan, Including Funding Lines
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.
March 13, 2020 -
229AML / KYC
India: Yes Bank Co-founder Arrested Over Illicit Kickbacks
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.
March 11, 2020 -
416Capital Regulation
UPDATED – RBI Seizes Control of Troubled Lender Yes Bank
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.
March 6, 2020 -
386India
RBI Relaxes Restriction on Foreign Exchange Hedging
Residents and non-residents will be allowed to undertake OTC currency derivative transactions up to $10mn without having to evidence underlying exposure.
December 10, 2019 -
442Capital RegulationIndia to Merge 10 State Owned Banks into Four
“In place of fragmented lending capacity with 27 public sector banks in 2017, now there will be only 12 state-run banks post consolidation,” said India’s finance minister Nirmala Sitharaman.
September 3, 2019 -
567Enforcement
RBI Issues Fines on Multiple Banks Totalling $2.9mn
The fines, involving 15 banks in total, were related to delays in reporting fraud and non-compliance with various other RBI norms.
August 6, 2019
