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Slumping growth opens the door for more RBI rate cuts

Monday, December 2, 2019, 7:40 AM

India's deepening economic-slowdown is likely to throw open the door to more monetary-policy easing this week. The RBI will meet days after a report showed growth collapsed to 4.5% in the July-September quarter, first-time it's been below 5% since 2013. Led by Governor Shaktikanta Das, RBI already has cut interest rates by 135 basis-points in five moves this year, the most by any Asian-central-bank.
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RBI tells YES Bank to review audit panel chief's "fit and proper" status

Monday, November 25, 2019, 8:15 PM

The RBI has asked Yes Bank to examine the "fit and proper" status of the lender's audit committee head Uttam Prakash Agarwal, according to a report in Mint. The central bank's instruction comes after it came to light that Agarwal failed to disclose criminal cases filed against him, the report said. Agarwal is also a former Chairman of Institute of Chartered Accountants of India.
 
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Rana Kapoor, Morgan Credits and YES Capital sell remaining 0.8% stake in YES Bank

Wednesday, November 20, 2019, 8:19 AM

Rana Kapoor and promoter entities YES Capital and Morgan Credits have sold their remaining 0.8 per cent stake in private lender YES Bank, the company informed exchanges on Tuesday. As per an exchange filing, the promoters sold 2.04 crore shares in the open market during November 13-14. The promoter entities now hold a token of 900 shares in the lender.

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