Search For "central bank"
Boycott campaign against Karakoram Cooperative Bank intensifies in PoGB
Updated : 1 year, 2 months ago IST
A boycott campaign is gaining momentum in Pakistan-occupied Gilgit-Baltistan (PoGB) against the Karakoram Cooperative Bank in Chilas, with locals criticising its high interest rates, outdated facilities, and poor services. Residents report excessive interest rates exceeding 26 per cent, desp
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Bull run in Gold will continue in 2025 over hedge against geo-political cr
Updated : 1 year, 2 months ago IST
The gold market remained upbeat throughout the year 2024, accumulating handsome gains for the yellow metal investors, and it is expected that the precious metal will shine going into the New Year.
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RBI board meeting discusses economic situation and outlook, appreciates ou
Updated : 1 year, 2 months ago IST
As per a statement from the central bank, the Board placed on record its appreciation of the valuable services rendered by Shaktikanta Das during his tenure as Governor. Former RBI Governor Shaktikanta Das has served as the head of the central bank for six years which has ended on December 1
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Buy now pay later schemes, credit card spending reduce savings of youth: D
Updated : 1 year, 2 months ago IST
The "buy now, pay later" (BNPL) schemes and the credit card spending facilitate immediate consumption and reduce the savings of the younger generations, said Michael Debabrata Patra, Deputy Governor, Reserve Bank of India.
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Policy continuity, inclusion and innovation will be priority: Sanjay Malho
Updated : 1 year, 3 months ago IST
Newly appointed Reserve Bank of India (RBI) Governor Sanjay Malhotra, in his first address on Wednesday, outlined the central bank's priorities under his leadership, emphasizing stability, financial inclusion, and technological innovation as the cornerstones of his governorship.
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De-dollarisation not on agenda, only agreements for Vostro accounts with c
Updated : 1 year, 3 months ago IST
Responding to questions during the post-monetary policy press conference, the central bank governor said all that RBI has done is permit the opening of Vostro accounts to countries who wish to trade in local currency. This was a part of the de-risking of trade.
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Notable decline in forex reserve because RBI using forex to manage currenc
Updated : 1 year, 3 months ago IST
The recent decline in India's forex reserve from USD 705 billion to USD 656.58 billion is because the central bank is using forex reserve to manage currency volatility says a report by Union Bank of India.
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RBI's MPC meeting begins today, all eyes on central bank action on rising
Updated : 1 year, 3 months ago IST
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting to determine the policy rate in the country commenced today in Mumbai.
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Optimal communication is gold standard for all central bankers says RBI de
Updated : 1 year, 3 months ago IST
Optimal communication is the gold standard for all central bankers, said Reserve Bank of India's Deputy Governor, Michael Debabrata Patra on Friday.
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RBI Gov Das stresses on price stability as key to economic planning and gr
Updated : 1 year, 3 months ago IST
Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday highlighted a crucial role of price stability as the foundation for sustained economic growth during his address at the "High-Level Policy Conference of Central Banks from the Global South.
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Future rate cuts may delay, US Fed chair signals cautious approach
Updated : 1 year, 3 months ago IST
The Federal Reserve Chair, Jerome Powell, indicated that the anticipated rate cuts may be delayed, as the US economy continues to show signs of strength.
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Hashtag Web3 Releases a Collaborative Report on India's Digital Currency
Updated : 1 year, 4 months ago IST
New Delhi [India], November 12: Hashtag Web3's latest report, Central Bank Digital Currency in India, provides a comprehensive look at India's transition to the Digital Rupee. This collaborative analysis, enriched by insights from over 30 industry experts and the Web3 community, examines the
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