Search For "central bank"
RBI proposes cash deposits through UPI; widens digital currency for retail
Updated : 1 year, 11 months ago IST
The Reserve Bank of India has proposed the idea of depositing cash in Cash Deposit Machines (CDMs) using UPI mechanism, in what could be another boost to already widely recognised technology.
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RBI Monetary Policy Meeting: Central Bank likely to keep rates steady
Updated : 1 year, 11 months ago IST
The first Monetary Policy Committee (MPC) meeting of financial year 2025 will be held on Friday, and the Reserve Bank of India is unlikely to cut rates.
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UAE: Banking sector sees AED 25 billion surge in new savings deposits over
Updated : 1 year, 11 months ago IST
Savings deposits in the UAE's banking sector, excluding interbank deposits, attracted around AED 25 billion to reach AED270.48 billion at the end of January 2024, compared to about AED USD 245.54 billion in January 2023, with an annual growth of 10.2 per cent, according to the latest stat
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India's gems-jewellery sector sparkles amidst surging gold prices and glob
Updated : 1 year, 11 months ago IST
According to the latest India Development Update by the World Bank, the country emerged as one of the fastest-growing major economies in FY 2022/23, boasting a growth rate of 7.2 per cent.
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MPC Meet: RBI is unlikely to cut rates, likely to maintain status quo
Updated : 1 year, 11 months ago IST
Experts believe the central bank is very likely to maintain the status quo on interest rates along with caution on inflation and the geo-political outlook
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IDEMIA Secure Transactions Collaborates with Qualcomm to Boost Secure Offl
Updated : 1 year, 11 months ago IST
Noida (Uttar Pradesh) [India], April 2: IDEMIA Secure Transactions (IST), a division of IDEMIA Group, is a leading provider of payment and connectivity solutions for financial institutions, mobile network operators and automotive manufacturers. It has established itself as a leader in secure
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SBI forecasts 15 percent growth in deposits for FY25; expects RBI rate cut
Updated : 1 year, 11 months ago IST
This outlook comes amidst a backdrop of sustained momentum in credit growth, particularly across agriculture, MSME, and services sectors, as revealed by the latest credit growth numbers.
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With AI and blockchain, RBI should study a new banking structure to fund f
Updated : 1 year, 11 months ago IST
Speaking at the 90th-anniversary celebration of the Reserve Bank of India (RBI), Prime Minister Narendra Modi on Monday asked the central bank to assess a newer banking structure to fund future needs.
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Monetary tightening measures by RBI stabilised G-sec yields, contributed t
Updated : 1 year, 11 months ago IST
Sitharaman stated, "RBI, the central bank of India had a remarkable chequered history. Once in a century, pandemic the Covid hit us. The RBI Adopted and infact deployed conventional and unconventional range of instruments to provide liquidity and to promote growth and to ensure financial
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India's forex reserves rose by USD 20 bln cumulatively in 2024
Updated : 1 year, 11 months ago IST
Forex reserves, or foreign exchange reserves (FX reserves), are assets that are held by a nation's central bank or monetary authority.
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India's foreign exchange reserves hit fresh all-time high
Updated : 1 year, 11 months ago IST
Forex reserves, or foreign exchange reserves (FX reserves), are assets that are held by a nation's central bank or monetary authority.
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Foreign investors turn net buyers in Indian stock market for second month
Updated : 1 year, 11 months ago IST
Firm GDP growth forecasts, inflation at manageable levels, political stability at the central government level and signs that the central bank is done tightening its monetary policy have all contributed to painting a bright picture for the Indian economy.
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