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Rating agency ICRA sees India's policy rate hike shallower than US
Updated : 3 years, 8 months ago IST
New Delhi [India], June 27 (ANI) Given the uneven domestic economic recovery, and a relatively larger output gap compared to pre-Covid levels, as well as higher inflation tolerance levels, rating agency ICRA expects India's policy rate hike cycle to be shallower vis-a-vis the US Fed.
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US special envoy for Afghanistan pledges to solve banking issue
Updated : 3 years, 8 months ago IST
Abu Dhabi [UAE], June 27 (ANI): US special envoy for Afghanistan, Thomas West, on Sunday pledged to help remove the banking problems in Afghanistan in a meeting with the Afghan Traders' Council in the UAE.
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Palestinian teenager shot by Israeli soldiers succumbs to wounds: Medics
Updated : 3 years, 8 months ago IST
Ramallah [Palestine], June 25 (ANI/Xinhua): A 16-year-old Palestinian succumbed to his severe wounds on Saturday after Israeli soldiers shot him in a village east of Ramallah in the West Bank, medics said.
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Conspiracies were hatched to tarnish my family's name: Sheikh Hasina on Pa
Updated : 3 years, 8 months ago IST
Dhaka [Bangladesh], June 25 (ANI): Bangladesh Prime Minister Sheikh Hasina on Saturday inaugurated the landmark Padma bridge which is being termed the pride of the country and said that conspiracies were hatched to tarnish the name of her family.
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Sri Lanka reduces amount of holding foreign currency to USD 10K
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], June 25 (ANI): Amid the looming economic crisis, Sri Lanka on Saturday limited the amount of foreign currency an individual can hold to USD 10,000.
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India Ratings affirms lnduslnd Bank rating; outlook stable
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], June 25 (ANI): India Ratings and Research (Ind-Ra) has affirmed Induslnd Bank Limited's long-term issuer rating at 'IND AA+' with a stable outlook and short-term issuer rating at 'IND A 1 +'.
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India's forex reserves dip by $5.9 billion to $590.59 billion
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], June 25 (ANI): India's foreign exchange (forex) reserves slumped by $5.87 billion to $590.588 billion for the week ended June 17 as foreign portfolio investors pulled money out of the Indian equities amid mounting concerns of global recession, the Reserve Bank o
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USD2.3 bn Chinese loan credited to State Bank of Pakistan: Finance Ministe
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], June 25 (ANI): Pakistani Finance Minister Miftah Ismail said on Friday that a loan of USD 2.3 billion from a Chinese consortium of banks had been credited to the central bank's account.
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ED attaches Rs 78.38-cr assets of Maharashtra-based Jalna Sahakari Sakhar
Updated : 3 years, 9 months ago IST
New Delhi [India], June 24 (ANI): The Enforcement Directorate (ED) on Friday attached Rs 78.38 crore assets of Maharashtra-based Jalna Sahakari Sakhar Karkhana Ltd in connection with a money-laundering probe relating to the illegal sale of Cooperative Sugar Mills (Sahakari Sakhar Karkhana) i
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RBI imposes monetary penalty on Indian Overseas Bank
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 24 (ANI): The Reserve Bank of India (RBI) said on Friday it has imposed a monetary penalty of Rs 57.50 lakh on Indian Overseas Bank for non-compliance with certain directions of the central bank.
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RBI extends card tokenisation deadline by three months
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 24 (ANI): The Reserve Bank of India (RBI) on Friday announced an extension of the deadline for card data storage and tokenisation implementation by another three months to September 30, 2022.
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ED arrests ex-Managing Director of Industrial Co-operative Bank Ltd in a m
Updated : 3 years, 9 months ago IST
New Delhi [India], June 24 (ANI): The Enforcement Directorate (ED) has arrested Subhra Jyoti Bharali, former Managing Director of Industrial Co-operative Bank Limited in a money laundering case, the agency said on Friday.
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