Mumbai: The Reserve Bank of India (RBI) conducted a 3-day Variable Rate Repo (VRR) auction on January 31, 2025, to manage short-term liquidity in the banking system. The auction saw strong demand,…
Author: BNW News
“It is imperative that the government acts swiftly to revise commission structures”
Despite their critical role, BCs face several challenges, including outdated commission structures
AIBEA Urges Finance Minister to Exempt Public Sector Banks from Deposit Insurance Scheme
The move, AIBEA asserted, would allow commercial banks to retain more capital, improve profitability, and enhance their capacity to support economic growth.
RBI Appoints Advisory Committee to Support Administrator of Aviom India Housing Finance
The three-member Advisory Committee, constituted under Section 45-IE (5) (a) of the RBI Act, 1934, will aid the Administrator in carrying out his responsibilities. The members of the committee include Paritosh Tripathi, former Chief General Manager of State Bank of India, Rajneesh Sharma, former Chief General Manager of Bank of Baroda, and Sanjaya Gupta, former Managing Director and CEO of PNB Housing Finance Limited.
What is Economic Survey before the Budget and why does it matter?
In addition to data-driven assessments, the survey often provides policy recommendations aimed at improving economic efficiency and fostering growth. Over the years, it has adopted thematic approaches, focusing on topics such as behavioral economics, digital transformation, or climate resilience to frame discussions on policy and reform.
RBI Files Insolvency Petition Against Aviom India Housing Finance
Following the filing of the application, an interim moratorium has come into effect as per the provisions of the IBC. This prevents the institution or continuation of legal proceedings against the company, prohibits the transfer or disposal of assets, and restricts enforcement of security interests until the tribunal either admits or rejects the petition. However, the supply of essential goods and services to the company will remain uninterrupted during this period.
SEBI clarifies prohibited associations in securities market
The circular, directed to all registered intermediaries, recognized stock exchanges, clearing corporations, and depositories, addresses critical aspects of the amended SEBI regulations
Fed hits pause button, Powell says guided by economic goals and the law, not politics
It’s the first key decision from the central bank under President Donald Trump’s second term, and comes after Trump said he should have some say in Fed policy.
AIBEA urges Government to strengthen PSBs ahead of Budget 2025
AIBEA reiterated its opposition to the privatization of public sector banks, particularly calling for the government to retain a minimum 51% stake in IDBI Bank. The letter also urged Bank of Baroda to merge its subsidiary, Nainital Bank, rather than selling it. Additionally, the association raised concerns about aggressive cross-selling of insurance products by banks, calling for a renewed focus on core banking services.
RBI to Conduct USD/INR Buy/Sell Swap Auction to Inject Liquidity
According to the RBI’s notification, the auction will take place between 10:30 AM and 11:30 AM on January 31, 2025. The near leg (spot) settlement date for the swap is February 4, 2025, while the far leg settlement date is August 4, 2025.