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 […]
RBI
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
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 announces panel for evaluating applications for universal banks and SFBs
As per licensing guidelines, applications for Universal Banks and Small Finance Banks will be initially screened by the Reserve Bank to ensure prima facie eligibility of the applicants.
India’s Forex Reserves Fall to 10-Month Low Amid Rupee Pressure
India’s forex reserves fell to a 10 month low as RBI sold dollars to support Rupee
RBI imposes monetary penalty on Mukkuperi Co-operative Urban Bank
This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
RBI steps in: Daily VRR auctions starting January 16 to ease liquidity crunch
With the liquidity deficit, which has come about due to RBI’s intervention (aimed at ensuring gradual depreciation of the Rupee against the Dollar) in the forex market, estimated at about ₹2 lakh crore as on January 14, market players say the move couldn’t have come at a better time.
RBI reallocates portfolios of deputy governors post Michael Patra’s exit
The monetary policy department, which was handled by Patra, has been allocated to M Rajeshwar Rao. Rao will also handle portfolios such Co-ordination, Department of Communication, Department of Economic and Policy Research, Department of Regulation, Department of Statistics and Information Management and Enforcement Department among others.