banking system

Mumbai, March 30 The Reserve Bank of India (RBI) injected ₹84,582 crore of short-term liquidity into the banking system on Monday through two variable rate repo (VRR) auctions.The central bank injected ₹50,001 crore through the first three-day VRR auction early in the day at a cut-off rate of...

Mumbai, March 30 Call money rates on Monday reached the 7 per cent mark as banks increased borrowing to meet heightened liquidity requirements ahead of the fiscal year-end.Market participants said that demand for short-term funds has risen sharply due to balance sheet adjustments and...

Mumbai, March 27 The Reserve Bank of India (RBI) injected ₹65,322 crore of temporary liquidity into the banking system on Friday through a six-day variable rate repo (VRR) auction.The RBI injected the funds at a cut-off rate of 5.26 per cent and a weighted average rate of 5.29 per cent, the...

New Delhi, March 25 Members of the opposition in the Lok Sabha criticized the Insolvency and Bankruptcy Code (IBC) on Wednesday, arguing that it has failed to deliver timely resolutions due to the limited capacity of the tribunals, which are overburdened with cases. The BJP defended the 2016 law...

Mumbai, March 25 The Reserve Bank rejected all bids for treasury bills offered at auction on Wednesday, as investors demanded yields that were 0.05-0.10 percentage points higher than those seen in previous auctions, amid tight liquidity conditions in the banking system, market participants said...

Mumbai, March 24 The Reserve Bank of India (RBI) injected ₹55,837 crore of short-term liquidity into the banking system on Tuesday through a three-day variable rate repo (VRR) auction.The RBI injected the funds at cut-off and weighted average rates of 5.26 per cent, the central bank said in a...

The Reserve Bank of India (RBI) today injected ₹79,256 crore into the banking system through an overnight variable rate repo (VRR) auction to ease liquidity conditions.The central bank stated that the funds were injected at a cut-off and weighted average rate of 5.26 percent. However, the...

Mumbai, March 23 The Reserve Bank of India (RBI) injected ₹79,256 crore in short-term liquidity into the banking system on Monday through an overnight variable rate (VRR) auction.The RBI injected the funds at cut-off and weighted average rates of 5.26 per cent, the central bank said in a...

Mumbai, March 20 The Reserve Bank of India announced on Friday that it will conduct an overnight variable rate repo (VRR) auction worth Rs 1 lakh crore on March 23.The auction will take place between 9:30 am and 10:00 am on March 23, and the funds will be reversed on March 24, according to the...

Mumbai, March 20 The Reserve Bank of India (RBI) injected ₹25,101 crore of temporary liquidity into the banking system on Friday through a three-day variable rate repo (VRR) auction.The RBI injected the funds at cut-off and weighted average rates of 5.26 percent, the central bank said in a...

Mumbai, March 18 The Reserve Bank of India (RBI) on Wednesday said it will conduct a three-day variable rate repo (VRR) auction worth Rs 75,000 crore on March 20.The auction will take place between 9:30 AM and 10:00 AM on March 20, and the reversal of these funds will take place on March 23...

New Delhi, March 17 – Aam Aadmi Party (AAP) Rajya Sabha MP Raghav Chadha raised the issue of penalties for minimum account balance in the Upper House of Parliament on Tuesday, urging the Union government to abolish such charges on small bank accounts, saying that they disproportionately affect...

Mumbai, March 17 The Reserve Bank of India (RBI) injected ₹48,014 crore in short-term liquidity into the banking system on Tuesday through a seven-day variable rate repo (VRR) auction.These funds were injected at a cut-off rate and a weighted average rate of 5.26 per cent, according to the...

Mumbai, March 16 The Reserve Bank of India (RBI) announced on Monday that it will conduct a seven-day variable rate repo (VRR) auction worth Rs 1.50 lakh crore on March 17.The auction will take place between 9:30 AM and 10:00 AM on March 17, and the reversal of these funds will take place on...

Mumbai, March 13 The Reserve Bank of India (RBI) injected ₹50,000 crore into the banking system on Friday through Open Market Operations (OMO) purchases of government securities.The central government purchased 7.41 per cent GS 2036 bonds worth ₹14,491 crore, 6.45 per cent GS 2029 bonds worth...

Mumbai, March 11 The Reserve Bank of India (RBI) said on Wednesday that it will inject Rs 50,000 crore into the banking system through Open Market Operations (OMO) purchases of government securities on March 13.The auction will take place between 9:30 am and 10:30 am on March 13, the central...

Mumbai, March 9 The Reserve Bank of India (RBI) injected ₹50,000 crore into the banking system on Monday through Open Market Operations (OMO) purchases of government securities, according to a release.The central bank purchased 6.33% GS (Government Security) bonds worth ₹13,507 crore, 6.01% GS...

Mumbai, March 6 The Reserve Bank of India (RBI) on Friday said it will conduct an open market operation (OMO) of Rs 1 lakh crore, purchasing government securities in two tranches on March 9 and March 13.Each tranche of the auction will involve Rs 50,000 crore, it said.The OMO purchase...

New Delhi, February 25 Fitch Ratings on Wednesday affirmed the ratings of two public sector banks – Punjab National Bank (PNB) and Bank of Baroda (BoB) at 'BBB-' with a stable outlook.PNB and BoB's long-term Issuer Default Rating (IDR) reflects Fitch's expectation of a high probability of...

New Delhi, February 23 Finance Minister Nirmala Sitharaman on Monday strongly criticised banks for mis-selling financial products, including insurance, saying it is a violation of the Bharatiya Nyaya Sanhita (BNS)."Banks should focus on their core business... My biggest concern has always...