The Reserve Bank of India (RBI) conducted a Daily Variable Rate Repo (VRR) auction today with a tenor of one day. The notified amount for the auction was ₹1,50,000 crore, and the…
Author: BNW News
Bank Unions to proceed with strike as conciliation talks fail
The proposed two-day nationwide strike by public sector bank employees on March 24-25 remains on track after a conciliation meeting held today at the Chief Labour Commissioner’s (CLC) office failed to yield…
Decade of Debt: The stark reality behind ₹16.35 lakh crore in bank loan write-offs
Indian banks have cumulatively written off a staggering ₹16.35 lakh crore in bad loans over the last ten financial years, according to the latest government data presented in Parliament. This figure not…
Bank Unions challenge minister’s claim on staff vacancies in PSBs
A fresh controversy has erupted over staffing levels in public sector banks (PSBs) after the Minister of State for Finance, Pankaj Chaudhary, stated in Parliament that 95% of clerical and sub-staff positions…
IndusInd Bank flags siscrepancies in derivative portfolio, impacting 2.35% of net worth
IndusInd Bank on March 10 said it has identified discrepancies in its derivative portfolio following an internal review of its “Other Asset” and “Other Liability” accounts. The issue arose after the implementation…
RBI Announces USD 10 Billion Buy/Sell Swap Auction to Inject Liquidity
Mumbai, March 5, 2025 – The Reserve Bank of India (RBI) has announced a USD/INR Buy/Sell swap auction worth USD 10 billion as part of its long-term liquidity management strategy. The auction,…
Are brands using Women’s day as an opportunity or a ‘Hop-portunity’?
By Misbah Quadri So it’s “THAT time of the year!” By THAT, I mean – International Women’s Day, the day when brands go all guns blazing on their OTT campaigns to highlight…
RBI Sanctions Voluntary Amalgamation of Two Cooperative Banks
The Reserve Bank of India (RBI) has approved the voluntary amalgamation of Jawahar Sahakari Bank Ltd., Hupri with Kallappanna Awade Ichalkaranji Janata Sahakari Bank Ltd. The merger, approved under Section 44A(4) and…
RBI imposes penalties on three financial institutions for regulatory breaches
On March 03, 2025, the Reserve Bank of India (RBI) imposed monetary penalties on three financial entities following statutory inspections and notices for non-compliance with regulatory guidelines. Vanchinad Finance Pvt. Ltd., Ernakulam,…
RBI Governor meets with Non-Bank Payment System operators and fintechs in Mumbai
The Governor of the Reserve Bank of India (RBI) today held an interactive session with select non-bank Payment System Operators and FinTech companies, along with representatives from their associations and Self-Regulatory Organizations…