Page 2 - Banking System

WACR tops repo rate for the first time in FY26 amid GST outflows

The weighted average overnight call rate (WACR) breached the RBI's repo rate for the first time this fiscal, amid GST outflows, with liquidity surplus in the banking system at around 1% of NDTL

Banks expect RBI to double VRRR auction as liquidity stays surplus

At 2-day VRRR auction, RBI receives bids worth ₹97,315 cr against notified ₹1 trn

Banking system liquidity hits 3-year high at $3.74 trillion: RBI data

Banking system liquidity rose to a net surplus of Rs 3.74 trillion, the highest since June 2022. The market is now awaiting action from the RBI to manage the surplus and ensure monetary transmission

Jana Small Finance Bank applies to RBI for transition to universal bank

Jana Small Finance Bank has applied to the RBI for voluntary transition to a universal bank, meeting key financial criteria including NPAs below regulatory thresholds for two years

RBI fines ICICI, Axis, three other banks for regulatory compliance lapses

The RBI said the banks' non-compliance involved cybersecurity, customer charges, KYC norms, and internal account mismanagement

Internal restructuring to ensure seamless solutions, says Yes Bank

The internal restructuring is a strategic initiative designed to ensure seamless and consistent solutions at every touchpoint

Banks park record Rs 4.13 trillion with RBI in standing deposit facility

This marked the highest amount banks have parked in the SDF since its introduction in April 2022

CD rates top 8% for smaller banks amid banking system liquidity tightness

Indusind raises nearly Rs 15,000 via CDs this week with PSBs take a major chunk

EPFO 3.0 to rollout soon; will allow funds withdrawal from ATMs: Mandaviya

Union Labour Minister Mansukh Mandaviya announced on Thursday that the Employees Provident Fund Organisation (EPFO) will soon launch the "EPFO 3.0 version," which will allow subscribers to withdraw funds from ATMs, along with several other new features. Speaking after inaugurating EPFO's Office Complex of Telangana Zonal Office and Regional Office here this evening, he said the 'EPFO 3.0 version' will be equivalent to the banking system. "In the coming days, EPFO 3.0 version will come. This means EPFO will become equivalent to a bank. Like how transactions are carried out in a bank, you (EPFO subscribers) have your Universal Account Number (UAN) and you will be able to do all your work," he said. "Neither do you to have visit EPFO offices nor do you have to go to employer. It is your money and you can withdraw it as and when you want. Now you still need to go to EPFO offices. I promise you, in the coming days, you can withdraw your money from ATMs whenever you want. We are carrying

No penalty on FD closure, cyber insurance: IDFC FIRST Bank lures elderly

To combat the rising tide of online fraud and cyber threats, the bank provides Rs2 lakh of cyber insurance coverage to senior citizens

No case for CRR cuts with liquidity deficit driven by transitory factors

Anticipating the current liquidity deficit, the RBI in its December policy proactively reduced the cash reserve ratio (CRR) of all banks in two equal tranches of 25 basis points

SBI adds to record samurai loan boom with $197 million debt facility

Mitsubishi UFJ Financial Group Inc. is the lead bank of the deal, which will be raised in the Gujarat International Finance Tec-City

Banking system liquidity surplus touches Rs 1 trn, shows RBI data

Analysts said that the liquidity improved on the back of government spending; however, it is expected to fall into deficit mode soon due to tax outflows

RBI may look at OMOs to infuse durable liquidity, say market experts

Government cash balance turns negative; Fx market remains volatile

IBPS PO 2024: Prelims scorecard announced at official website, details here

The IBPS has announced the IBPS PO Prelims Score Card 2024 on Nov 27, 2024. Candidates appearing for the CRP PO/MT-XIV prelims can now download their scorecards from the official website at ibps.in

China injects $124 bn into banking system via one-year policy loans

The People's Bank of China (PBOC) lent the medium-term facility (MLF) loans to financial institutions at 2%, the central bank said

Any waiver to be sectoral, not just for Vodafone Idea: Jyotiraditya Scindia

Starlink needs to comply with existing norms, security concerns for satcom licence

Indian lenders face growing defaults from over-leveraged retail borrowers

Defaults have also risen in the microfinance segment, which includes loans given to low-income borrowers.

Understanding the Investment Banking Recruitment Process: How Courses Prepare You?

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IBPS RRB Clerk 2024: Result announced at ibps.in; check details inside

The results of the IBPS RRB Clerk Preliminary Examination 2024 have been formally released by the Institute of Banking Personnel Selection (IBPS) at the official IBPS website, ibps.in