Search For "central bank"
Pakistan's monthly inflation rate increases to 28.5 pc amid economic crisi
Updated : 2 years, 1 month ago IST
The Pakistan-based news daily reported that this report follows the central bank's recent announcement of its monetary policy, which tempered earlier optimism about a sharp decline in inflation in the second half of the fiscal year. Price stability is the central bank's primary objective und
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India's foreign exchange reserves decline by USD 2.8 billion
Updated : 2 years, 1 month 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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All eyes fixed on fastest-growing India as it pips Hong Kong to become 4th
Updated : 2 years, 1 month 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 with their monetary policy tightening have painted a bright picture for the Indian stock market.
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At Davos, RBI Governor says digital currency will make cross border paymen
Updated : 2 years, 1 month ago IST
Reserve Bank of India (RBI) Governor Shaktikanta Das feels digital currency or Central Bank Digital Currency (CBDC) will make cross-border payments more efficient and fast, in addition to being cost-effective.
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US: Donald Trump pledges to block creation of federal digital currency, ca
Updated : 2 years, 1 month ago IST
Donald Trump on Wednesday night (local time) pledged to block the creation of a federal digital currency.
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Central Bank of UAE reports 8.6 per cent growth in cash deposits in 12 mon
Updated : 2 years, 1 month ago IST
The cash deposits increased by 7.35 per cent during the first 11 months of the previous year, reaching around AED635.6 billion at the end of 2022, a growth equivalent to AED46.7 billion.
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UAE: CBUAE reports 8.6 percent growth in cash deposits in 12 months
Updated : 2 years, 1 month ago IST
The cash deposits increased by 7.35 percent during the first 11 months of the previous year, reaching around AED635.6 billion at the end of 2022, a growth equivalent to AED46.7 billion.
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UAE banking sector demonstrates resilience amid global challenges
Updated : 2 years, 1 month ago IST
Saleh attributed this success to the effective strategies implemented by the Central Bank of the UAE (CBUAE), establishing frameworks for sustained sector growth
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RBI imposes Rs 50,000 penalty on the Stambhadri Co-operative Urban Bank fo
Updated : 2 years, 2 months ago IST
The central bank, through an order dated December 19, 2023, has imposed a monetary penalty of Rs 50,000 on the cooperative bank. This penalty has been levied due to the bank's non-compliance with specific directives issued by the RBI.
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ECB President Christine Lagarde extends New Year wishes and reflects on Eu
Updated : 2 years, 2 months ago IST
Lagarde posted, "A new year has begun - full of new challenges and opportunities. This year, the euro celebrates its 25th birthday. Now there's a reason to celebrate! So, with that, I wish you and your loved ones a happy new year, and a successful 2024".
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RBI issues guidelines to trace customers with inoperative accounts, unclai
Updated : 2 years, 2 months ago IST
The central bank called for steps to trace the customers of inoperative accounts or unclaimed deposits including their nominees or legal heirs for re-activation of accounts, settlement of claims or closure.
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97.38 per cent of Rs 2000 banknotes returned to RBI since withdrawal
Updated : 2 years, 2 months ago IST
The central bank's periodic updates provide transparency regarding the progress of the withdrawal initiative, assuring the public of the continued legal status of Rs 2000 banknotes.
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