The Reserve Bank of India (RBI) conducted a one-day Variable Rate Repo (VRR) auction on January 28, 2025, to address liquidity requirements in the banking system. The notified amount for the auction…
Author: BNW News
RBI Announces Liquidity Management Measures
The central bank will conduct Open Market Operations (OMO) through the purchase of Government of India securities amounting to ₹60,000 crore. These will be carried out in three tranches of ₹20,000 crore each on January 30, February 13, and February 20, 2025.
RBI Supersedes Board of Aviom India Housing Finance, Appoints Administrator
The central bank has appointed Shri Ram Kumar, former Chief General Manager of Punjab National Bank, as the Administrator for the company under Section 45-IE(2) of the RBI Act. This move comes as part of RBI’s efforts to address financial and governance issues in the company and safeguard the interests of its stakeholders.
NCLAT junks order for fresh valuation of Educomp arm’s shares in US firm sold by SBI Singapore
Wondering over the basis on which the Delhi bench of NCLT passed direction for fresh valuations, the appellate tribunal said Educomp Asia Pacific Pte Ltd (EAPPL) was being liquidated over the order passed by the High Court of Singapore and issues regarding the valuation of shares in The Learning Internet Inc could have been raised there in the proceedings.
Sensex cracks 824 pts to end at over 7-month low as Trump’s tariff rhetoric upsets investors
The 30-share BSE barometer plunged by 824.29 points or 1.08 per cent to close at 75,366.17 with 23 of its constituents ending lower and seven with gains. During the day, the barometer plummeted 922.87 points or 1.2 per cent to a low of 75,267.59.
RBI Conducts Daily Variable Rate Repo Auction: Key Outcomes
The Reserve Bank of India (RBI) conducted its daily Variable Rate Repo (VRR) auction on Monday, garnering significant interest from market participants. The auction was held to manage short-term liquidity in the…
Stock markets on a bear run; Sensex falls 750 points
Global markets also felt the pressure as investors reacted to the launch of DeepSeek, a Chinese startup’s free, open-source AI model, which is seen as a potential competitor to OpenAI’s ChatGPT. Additionally, the U.S. dollar gained strength after President Donald Trump imposed sanctions and tariffs on Colombia for refusing entry to military aircraft carrying deported migrants.
Retail Credit Growth in India Moderates Further in Q3 2024: TransUnion CIBIL Report
The CMI, a comprehensive measure of credit market health, declined to 100 in September 2024 from 103 in the same period last year. Although the indicator has remained above 100 since September 2022, the cooling demand and reduced supply have led to a continued moderation in retail credit growth
Data Story| Here’s howmuch Indian government infused in PSBs in last decade.
The capital infusion has been a critical component of the government’s strategy to revive the banking sector, which faced challenges due to rising NPAs and economic slowdowns. The funds have been utilized for provisioning against bad loans, supporting mergers, and meeting regulatory capital requirements.
Budget 2025: What does Industry expect on Feb 1 from FM Nirmala Sitharaman?
The industry is hopeful that the government will announce a slew of measures to boost consumption by ensuring more money in the hands of people, boosting capital expenditure, giving relief to the housing sector and technological innovations.