A notable highlight from the CCS is the reduction in pessimism regarding current price levels and inflation compared to the November 2024 round. This suggests that households are perceiving some stability in price movements.
Key steps include the introduction of an exclusive ‘fin.in’ domain for financial institutions
The rate cut follows a period of aggressive tightening, where the RBI had hiked rates by 250 bps since May 2022 to combat soaring inflation.
The bank is no longer permitted to carry out banking operations in India, including accepting deposits from non-members.
The auction will offer a notified amount of ₹50,000 crore, with the tenor set at 56 days. The bidding window will be open from 3:30 PM to 4:00 PM on February 7, 2025. The funds will be reversed on April 4, 2025, marking the maturity of the operation.
Mumbai: The Reserve Bank of India (RBI) conducted a 3-day Variable Rate Repo (VRR) auction on January 31, 2025, to
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.
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.
US Fed decided to pause interest rates but said this isn’t a shift in policy stance
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.