Banking System

Bank fraud: The blind spots of risk control and the culture behind failures

Sophisticated systems track risk, but culture - shaped by incentives and frontline pressures - remains the real control

RBI injects ₹50K cr durable liquidity in banking system via OMO purchases

The Reserve Bank of India (RBI) on Monday injected Rs 50,000 crore into the banking system through Open Market Operation (OMO) purchases of government securities, according to a release. The Central bank purchased 6.33 per cent GS (Government Security) 2035 bonds worth Rs 13,507 crore, 6.01 per cent GS 2030 worth Rs 13,494 crore, 6.10 per cent GS 2031 of Rs 8,157 crore, 7.30 per cent GS 2053 of Rs 6,955 crore, 7.18 per cent GS 2033 worth Rs 4,479 crore, 6.92 per cent GS 2039 of Rs 2,304 crore, and 6.19 per cent GS 2034 of Rs 1,104 crore, it said. The liquidity in the banking system, currently, is estimated to be in surplus of around Rs 2.41 lakh crore. The OMO purchase auction was announced ahead of expected heavy outflows from the banking system due to advance tax and Goods and Services Tax (GST) payments scheduled later this month. This comes even as liquidity conditions in the banking system currently remain in a significant surplus of Rs 3.02 lakh crore. As per RBI data, it has

RBI adopts calibrated approach to liquidity management amid tax outflows

The RBI has announced Rs 1 trillion in OMO purchases to cushion tightening from advance tax outflows, even as broader pressures on durable liquidity persist due to forex interventions

RBI's additional liquidity support to wind down after March: Bankers

India's banking system liquidity surplus has averaged around 1.1 per cent of deposits this month, inching past the 1 per cent threshold that the Reserve Bank of India indicated in December

RBI to infuse ₹1.25 trillion; $10 billion dollar-rupee buy-sell swap

OMOs will involve the purchase of Government of India securities worth ₹1 trillion in two tranches of ₹50,000 crore each on February 5 and February 12

Thieves drill into German bank vault, steal property worth millions

Thieves stole tens of millions of euros worth of property from safety deposit boxes inside a German bank vault that they drilled into Monday during the holiday lull, police said. Some 2,700 bank customers were affected by the theft in Gelsenkirchen, police and the Sparkasse bank said. Thomas Nowaczyk, a police spokesperson, said investigators believe the theft was worth between 10 and 90 million euros (USD 11.7 to 105.7 million). German news agency dpa reported that the theft could be one of Germany's largest heists. The bank remained closed Tuesday, when some 200 people showed up demanding to get inside, dpa reported. A fire alarm summoned police officers and firefighters to the bank branch shortly before 4 am Monday. They found a hole in the wall and the vault ransacked. Police believe a large drill was used to break through the vault's basement wall. Witnesses told investigators they saw several men carrying large bags in a nearby parking garage over the weekend. Video footage

Reserve Bank of India subsumes over 9K norms into 244 master directions

Move aims to ease compliance burden for regulated entities

Digital banking cannot be made mandatory to access other services: RBI

RBI's new digital banking rules mandate explicit customer consent, prohibit banks from forcing digital channels for accessing other services and tighten risk controls

Banking system credit grows 11.3% in October 31 fortnight: RBI data

According to the data, banking system credit stood at Rs 193.9 trillion, while deposits stood at Rs 241.7 trillion during this period

IndusInd Bank looks to claw back salary, bonuses of former top officials

This year, IndusInd Bank disclosed incorrect accounting on derivative trades that prompted a $230 million hit to its accounts and led to exit of former CEO Sumant Kathpalia and deputy CEO Arun Khurana

No regulator should substitute boardroom judgement: RBI Governor Malhotra

Financial stability remains the 'North Star' for the central bank

RBI likely to meet banks and dealers on Tuesday amid liquidity strain

The meeting, though without a formal agenda, is expected to focus on current market conditions, the traders said, declining to be named as they are not authorized to speak to the media

Can private bankers run PSBs? Govt needs patience to make it work

Yes, they can. But to make the experiment successful, the government must have patience

NPCI says same-day cheque clearing stabilised; unions seek RBI help

NPCI says the new t+0 cheque clearing system is stable after early glitches, while bank unions urge RBI to ensure smoother implementation during the festive period

Bank unions slam move to open top PSB roles to private candidates

UFBU calls the move to allow private candidates for top roles in state-run banks and insurers a de-facto privatisation of leadership in public institutions

Japan's top bank CEOs back AI while easing fears over possible job losses

In Japan, where the financial sector employs hundreds of thousands of people, the conversation over AI and its impact on work is picking up pace

UK's Revolut to launch India payments platform, eyes 20 mn users by 2030

The UK-based fintech firm, which said last month it was exploring a US bank purchase and credit card launch at home, is betting on India as a key plank of its global expansion

Banks park ₹90,931 cr at RBI's 4-day VRR auction, against notified ₹1 trn

A VRR auction is a monetary tool used by the central bank to inject short-term liquidity into the banking system, offering funds to banks at rates determined by market demand

Banking system liquidity turns deficit amid tax payments, GST outflows

Experts said the liquidity crunch is expected to be temporary and will pick up on the back of government expenditure

Banks bid ₹45,783 crore at RBI overnight VRR auction as liquidity dips

Banks bid nearly double the notified Rs 25,000 crore at RBI's overnight VRR auction as surplus liquidity fell to Rs 63,745 crore from Rs 1.89 trillion earlier this week