Search For "central bank"
RBI imposes monetary penalty of Rs 2 lakh on Sardargunj Mercantile Co-oper
Updated : 2 years, 2 months ago IST
The Reserve Bank of India (RBI) on Thursday issued an order imposing a monetary penalty of Rs 2 lakh on Gujarat-based Sardargunj Mercantile Co-operative Bank Limited in Patan, for non-compliance with the directions issued by the central bank on 'Placement of Deposits with Other Banks by Prim
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Growth indicators of insurance sector in UAE reflect dynamic, active marke
Updated : 2 years, 2 months ago IST
The insurance sector in the UAE witnessed growth and expansion across various key indicators during 2022, according to a report by the Central Bank of the UAE, reflecting a strong, dynamic, and active market driven by increasing demand and effective risk management.
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BFIN-PHDCCI India-Nepal Centre organize "Nepal BFSI Summit 2023" in Kathma
Updated : 2 years, 2 months ago IST
The Summit aimed at sharing the best practices in banking innovations and exploring the areas of cooperation and collaboration in the financial sector and further enriching the economic relationship between India and Nepal.
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UAE: CBUAE maintains Base Rate at 5.40 per cent
Updated : 2 years, 3 months ago IST
The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) without change at 5.40 per cent.
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US: Fed holds interest rate steady amid retreating inflation
Updated : 2 years, 3 months ago IST
The Federal Reserve on Wednesday held the interest rates steady at a 22-year high for the third straight meeting, while the central bankers have predicted three possible rate cuts next year, The Hill reported on Wednesday.
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Fitch Ratings Global Economic Outlook: World growth may decline in 2024, U
Updated : 2 years, 3 months ago IST
According to Fitch Ratings, the report highlights the resilience of global growth in 2023, driven by the normalization of consumption in China and a resurgence in US growth.
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RBI to announce monetary policy today, another pause in repo rate most lik
Updated : 2 years, 3 months ago IST
Financial market participants in India will closely monitor the outcome and the policy stance of the central bank, the Reserve Bank of India (RBI), to be announced at 10 am Friday (today), for fresh cues. As things stand, the monetary policy committee is most likely to maintain status quo
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UAE national banks' sustainable finance pledge reaffirms leadership's goal
Updated : 2 years, 3 months ago IST
Abdulaziz Al Ghurair, Chairman of UAE Banks Federation, announced the pledge at an event organised jointly by Central Bank of the UAE with the COP28 Presidency to support and facilitate global climate finance solutions and progress towards a sustainable future.
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Indian stocks firm after US reports softer-than-expected inflation
Updated : 2 years, 4 months ago IST
Indian stocks were off to a positive start Wednesday, tracking firm overnight cues from the US markets after softer-than-expected US inflation data supported the view that its central bank may be done raising interest rates.
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UAE: CBUAE enhances Emiratisation efforts in financial sector through its
Updated : 2 years, 4 months ago IST
As part of its commitment to the UAE's Emiratisation agenda, the Central Bank of the UAE (CBUAE) will participate in the 17th annual Tawdheef exhibition from November 13-15, taking place at the Abu Dhabi National Exhibition Centre (ADNEC).
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UAE: Central Bank participates in the "Tawdheef" exhibition
Updated : 2 years, 4 months ago IST
The Central Bank of the United Arab Emirates is participating in the activities of the 27th session of the "Tawdheef" exhibition, which begins tomorrow at the Abu Dhabi National Exhibition Centre (ADNEC) and continues until the 15th of this November, based on its commitment to the Emiratizat
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Expect further interest rate hike needed to bring inflation down: Fed Gove
Updated : 2 years, 4 months ago IST
Federal Reserve Governor Michelle Bowman reiterated her view that she expected the central bank will need to increase the interest funds rate further to bring inflation down to its 2 per cent target.
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