The Archive
Past Issues
62 editions of Banking Intelligence Daily, newest first.
Supreme Court orders Yes Bank to repay ₹8,415 crore in bonds
The Supreme Court has ordered Yes Bank to cover ₹8,415 crore in bonds it tried to write off during its 2020 rescue. The ruling makes the private lender liable…
Canada's Fairfax clinches IDBI Bank in a record ₹52,878 crore deal
A Canadian investment firm has bought a controlling stake in IDBI Bank for ₹52,878 crore, the largest foreign investment in India's banking sector. The deal…
Finance minister's tax hint sends Sensex soaring 1,100 points
The Sensex surged 1,109 points after the finance minister signalled openness to reviewing the long-term capital gains tax. The remarks, which did not include…
RBI's weekend measures bolster rupee as forex rules kick in
The Indian rupee appreciated sharply, gaining 96 paise against the dollar, after the Reserve Bank of India introduced measures to curb currency speculation…
RBI Hikes Repo Rate, PNB Housing Finance Sees Margin Boost
The Reserve Bank of India has increased the Repo Rate to 5.50%, a move that PNB Housing Finance expects will improve its net interest margin, the difference…
RBI to Absorb ₹25,000 Crore Liquidity from Banking System
The Reserve Bank of India will conduct an open market operation (OMO) sale of government securities worth ₹25,000 crore on October 13 to manage surplus…
RBI Tightens Forex Rules, Raises Bank Reserve Requirement
**The Reserve Bank of India has signaled a more assertive stance on liquidity and currency management.** This week brings stricter rules for foreign exchange…
RBI Hikes Repo Rate, Signals 'Calibrated Tightening'
The Reserve Bank of India has raised its benchmark repo rate, the interest rate at which commercial banks borrow money from the RBI, by 25 basis points (a…
IRDAI Overhaul Faces Pushback from Brokers Over Revenue and Job Loss Fears
**Insurance brokers are sounding the alarm over proposed regulatory changes from the IRDAI, warning of significant revenue hits and potential job losses.**…
RBI Absorbs Surplus Liquidity, Signs of Credit Growth Remain Strong
**The RBI has actively managed liquidity, absorbing over ₹2 trillion from the banking system through overnight Variable Rate Reverse Repo (VRRR) auctions.**…
RBI Amends Shareholding Rules for Local Area and Payments Banks
**The Reserve Bank of India has updated its regulations for share acquisitions in Local Area Banks and Payments Banks.** These amendments streamline the…
RBI Governor flags emerging financial vulnerabilities, urges vigilance
The RBI Governor highlights growing financial risks, urging constant vigilance against unexpected shocks. This comes as the central bank also clarifies rules…
RBI opens up payments banks and SFBs to wider institutional ownership
The Reserve Bank has eased major shareholding rules for payments banks, small finance banks, and local area banks, allowing certain institutional investors a…
MPC Looms as Bond Yields Soar and RBI Eyes Inflation
Indian banking professionals are eyeing the upcoming Monetary Policy Committee (MPC) meeting as a confluence of factors, including surging bond yields…
RBI's new bulk FD rules begin as banks pitch cheaper dollar funding
Today marks the implementation of the Reserve Bank of India's revised rules for bulk fixed deposits, aiming for greater transparency in pricing for large…
Yields on the Rise: Bond Market Pressure Lingers Amidst Global Selloff
The Indian bond market is bracing for continued upward pressure on yields, driven by substantial government borrowing and persistent inflation concerns. This…
Bond Yields Spike to Two-Year High; RBI Intensifies Liquidity Management
The Indian bond market saw a significant shift as the 10-year G-Sec yield climbed to its highest point in two years, driven by rising oil prices and global…
Bank Strike Averted as Unions and IBA Reach Agreement; RBI Mandates Valuation Changes for Payments Banks and SFBs
Today brings a sigh of relief for bank customers and institutions alike, as a major three-day nationwide bank strike has been averted following an agreement…
RBI Clarifies Credit Creation, Banks to Operate Sunday Amid Strike Preparations
Today's banking news clarifies how credit creation functions, potentially shifting perspectives on deposit mobilization. Meanwhile, the banking sector gears…
RBI streamlines export earnings; bank deposits dip on maturing bulk funds
The Reserve Bank of India is pushing for faster repatriation of export earnings, delegating more authority to banks and shortening the timelines for…