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.
Should the RBI Keep Propping Up the Rupee?
A sharply depreciating rupee sends all the wrong messages—higher risks, reduced returns, and an economy struggling to keep up. Left unchecked, it can trigger capital outflows, destabilizing markets and worsening the current account deficit. The RBI’s interventions reassure investors, acting as a firewall against such outcomes.
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...
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.
Opinion: Why multiple lending is a silent killer of Indian microfinance
The distress caused by multiple lending is becoming increasingly evident. Reports of harassment, coercive recovery practices, and even suicides among borrowers in rural India have been on the rise. Karnataka, in particular, has seen a surge in complaints against MFIs, with farmers and other borrowers alleging relentless pressure to repay debts
ICICI Bank Q3 Results: Net Profit Rises 15% to Rs 11,792 Crore
ICICI Bank, India’s second-largest private sector lender, reported a robust performance for the third quarter of fiscal year 2025, with net profit rising 15% year-on-year...
RBI to Conduct Daily VRR Auction; ₹2 Lakh Crore Notified for January 27
This move follows the announcement made on January 15, 2025, as per the Press Release 2024-2025/1933.
RBI Innovation Hub Invites Applications for CEO Position
The CEO will be responsible for developing and delivering cutting-edge digital public goods, leveraging frontier technologies, and spearheading initiatives that prioritize financial inclusion and consumer protection. The role also involves forging strategic alliances with startups, banks, academia, global innovation hubs, and regulators, while ensuring the timely execution of key projects.