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.
Banking
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.
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.
What the US Fed’s rate pause means for India
US Fed decided to pause interest rates but said this isn’t a shift in policy stance
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.
Microfinance’s unchecked greed risks another AP Crisis
The latest concerns from within the MFI industry itself—circulated in a candid plea—paint a grim picture. In several locations, over 30 institutions, including banks, NBFCs, cooperative societies, and informal lenders, are all aggressively lending to the same poor households.
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.
RBI Conducts Daily Variable Rate Repo Auction, Allots ₹1.39 Lakh Crore
The Reserve Bank of India (RBI) conducted a one-day Variable Rate Repo (VRR) auction on January 28, 2025, to address
What Do the RBI’s Liquidity Measures Mean for Financial Markets?
At their core, these measures aim to inject liquidity into the banking system, ensuring that financial institutions have the resources they need to support credit growth and meet funding demands. The OMO purchase of ₹60,000 crore in government securities across three tranches serves a dual purpose