Bank of India Ltd Share Price

SBI to Hire 12,000 Staff, Add 250 Branches in FY27

RBI Announces ₹7 Lakh Crore Liquidity-Absorption Operation!!

RBI Announces ₹7 Lakh Crore Liquidity-Absorption Operation The Reserve Bank of India (RBI) is preparing a major 30-day variable-rate reverse repo (VRRR) auction of ₹7 lakh crore on September 7, as it attempts to absorb excess liquidity from India's banking system. Banking-system liquidity surplus had reached approximately ₹10.3 lakh crore as of September 3, creating a challenge for the RBI in keeping short-term interest rates aligned with its monetary-policy framework. The new VRRR auction includes an early-exit option, which could encourage banks to participate because they would not necessarily have to lock their funds for the entire 30-day period. The move is important for financial markets because excessive liquidity can push money-market rates lower and influence banks' lending and investment decisions. Investors will therefore watch Monday's auction closely for indications of how aggressively banks absorb the available liquidity.

LIC Gets RBI Approval to Acquire Up to 9.99% of ICICI Bank

RBI to Absorb ₹7 Lakh Crore via VRRR Auction

The Reserve Bank of India (RBI) will conduct a 30-day Variable Rate Reverse Repo (VRRR) auction for ₹7 lakh crore on September 7, 2026, to manage liquidity conditions in the banking system. The auction will be held from 9:30 am to 10:00 am, with the reversal of funds scheduled for October 7, 2026. Eligible participants will have the option to prematurely reverse the amount lent, either fully or partially. Requests for premature reversal can be submitted through the E-Kuber portal between 9:00 am and 5:00 pm on working days in Mumbai. Participants must also inform the Financial Markets Operations Department by email. Settlement of the premature reversal will take place at the start of the next working day after the request. On the scheduled reversal date, the RBI will credit the participant’s current account with the principal amount along with accrued interest for the lending period. The securities provided as collateral will simultaneously be debited from the participant’s reverse repo constituent SGL account. Market Impact: The large VRRR operation indicates active RBI management of banking-system liquidity. By absorbing surplus funds, the move could temporarily tighten liquidity and influence short-term money-market rates. It may also have an impact on bank funding conditions, bond yields and overall market liquidity. Overall, the ₹7 lakh crore VRRR auction highlights the RBI’s continued focus on maintaining balanced liquidity conditions and ensuring orderly functioning of financial markets.

ICICI Bank: RBI Allows LIC to Acquire Up to 9.99% Stake

ICICI Bank is in focus after the Reserve Bank of India (RBI) permitted Life Insurance Corporation of India (LIC) to acquire up to a 9.99% stake in the bank within one year. Key Highlights • RBI has allowed LIC to acquire up to 9.99% stake in ICICI Bank. • The approval provides LIC a period of one year to acquire the permitted stake. • The approval represents the maximum stake LIC is permitted to acquire, and does not necessarily mean it will purchase the entire 9.99%. Why It Matters RBI approval enables LIC to potentially increase its ownership in one of India’s major private-sector banks, subject to the permitted 9.99% ceiling. An important distinction is that regulatory approval itself does not represent an immediate acquisition of a 9.99% stake. It provides LIC the flexibility to acquire shares up to that level within the specified one-year period. The actual impact will therefore depend on how much additional stake LIC ultimately acquires within the approved limit.

Canara Bank to Exercise Call Option on ₹4,000 Crore Bonds