Search For "central bank"
Defence Ministry signs MoUs to onboard four banks as SPARSH service centre
Updated : 1 year, 9 months ago IST
The Defence Accounts Department (DAD), which functions under the administrative control of the Ministry of Defence will onboard the Bank of India, Canara Bank, Central Bank of India and Utkarsh Small Finance Bank to provide the last mile connectivity to the pensioners.
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NIPL ties up with Central Bank of Peru for UPI-like payment system in Peru
Updated : 1 year, 9 months ago IST
NPCI International Payments Limited (NIPL) and the Central Reserve Bank of Peru (BCRP) have announced a partnership on Wednesday to enable the deployment of a UPI-like real-time payments system in Peru
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Large Indian banks are expected to improve their asset quality in the curr
Updated : 1 year, 9 months ago IST
The cumulative nonperforming loans (NPLs) of India's three largest private and three largest public banks fell to 2.483 trillion Indian rupees in the 12 months ending March 31, marking an 11 per cent decrease from the previous year's Rs 2.791 trillion.
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Projected recovery in global economy will boost India's growth; FY24 GDP l
Updated : 1 year, 9 months ago IST
Despite the challenges faced by the global economy, including geopolitical tensions and extreme weather events, global growth remains resilient, supported by easing inflationary pressures and strong employment conditions.
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Gold prices are red hot; thanks to central bank buying, retail demand, saf
Updated : 1 year, 9 months ago IST
Gold, considered a safe haven asset for investment, has been in demand for considerable period of time, with its prices rallying to hit record highs every now and then.
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India's PhonePe UPI launched in Sri Lanka
Updated : 1 year, 10 months ago IST
Central Bank of Sri Lanka Governor Nandalal Weerasinghe and India's High Commissioner to Sri Lanka Santosh Jha attended the launch event in Sri Lanka.
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Buy Sovereign Gold Bonds as ideal Akshaya Tritiya investment amidst global
Updated : 1 year, 10 months ago IST
Kishore Narne, Commodity head, and executive director, Motilal Oswal group said, "As we embark on the new financial year, commencing with the auspicious occasion of Akshaya Tritiya, both Gold and Silver have shown significant gains, with Gold up by 13 per cent and Silver by 11 per cent Year-
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Hungary, UAE as gateway regions offer new opportunities for global economy
Updated : 1 year, 10 months ago IST
The emergence of "gateway regions" such as Hungary and the UAE is a new opportunity for the global economy during a challenging decade, according to Gyorgy Matolcsy, Governor of the Central Bank of Hungary (MNB).
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Private digital currencies are potentially dangerous, CBDC a safer alterna
Updated : 1 year, 10 months ago IST
Reserve Bank of India Governor Shaktikanta Das said on Monday that Central Bank Digital Currency (CBDC) or digital currency, can drive financial inclusion and provide a much safer alternative to potentially dangerous private digital currencies.
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India and China added 60 percent of global central bank gold purchase in M
Updated : 1 year, 10 months ago IST
The Reserve Bank of India added 5 tons of Gold to its reserves during March. The gold reserves of the central banks worldwide reported a net increase in their gold reserves.
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US Fed says further interest rate hike unlikely going ahead
Updated : 1 year, 10 months ago IST
US Federal Reserve Chair Jerome Powell said a further interest rate hike from here is unlikely and the central bank is currently focused on its restrictive monetary policy stance.
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UAE Fund Transfer System processed transactions worth AED3 trillion in Jan
Updated : 1 year, 10 months ago IST
The gross value of interbank fund transfers through the UAE Fund Transfer System (UAEFTS) rose to more than AED 3 trillion during January and February 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE)
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