Search For "central bank"
RBI imposes Rs 3 lakh penalty on Parwanoo Urban Co-operative Bank
Updated : 3 years, 3 months ago IST
The central bank has said the action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
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Research Dept role is to quickly process an avalanche of data: RBI Guv
Updated : 3 years, 3 months ago IST
During his inaugural address at the annual research conference of the Department of Economic and Policy Research of RBI on Saturday, he said central banks, given their mandate on preserving macro stability, and the responsibility to be at the forefront of managing an economic crisis, have a
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IFSCA signs MoU with RBI in the field of regulation, supervision of regula
Updated : 3 years, 4 months ago IST
The MoU facilitates technical cooperation and the exchange of information, according to an official statement from IFSC Authority released on Wednesday.
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At G20 summit, five central banks ink MoU for cross-border payments; Read
Updated : 3 years, 4 months ago IST
A Memorandum of Understanding (MOU) on Cooperation in Regional Payment Connectivity was signed on Monday in Bali, Indonesia, on the sidelines of the G20 Leaders' Summit.
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Pakistan's remittances drop amid widening exchange rate gap
Updated : 3 years, 4 months ago IST
The workers' remittances recorded an inflow of USD 2.2 billion in October as compared to the previous month's figure of USD 2.4 billion, the central bank said in its official data last Friday.
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Global economy on the verge of a downturn: Moody's Investors Service
Updated : 3 years, 4 months ago IST
Moody's Investors Service said in a report said global growth would slow in 2023 and remain sluggish in 2024. Still, a period of relative stability could emerge by 2024 if governments and central banks manage to navigate their economies through the current challenges.
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COP27: Act fast to finance net-zero transition, says Singapore central ban
Updated : 3 years, 4 months ago IST
Decarbonisation is a costly affair and it is imperative to act fast to finance the transition to net-zero emission goals.
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RBI could continue to intervene in forex markets if uncertainty on more ra
Updated : 3 years, 4 months ago IST
In this context, Gaurang Somaiya, forex and bullion analyst, MOFSL, said, "The central bank has accumulated these reserves to be utilised in these kinds of situations," and added that investors are on the edge at this point as there are a lot of moving parts which are impacting the market.
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RBI holds meeting to discuss, draft report on inflation mandate failure
Updated : 3 years, 4 months ago IST
The meeting was called on Thursday under Section 45ZN of the Reserve Bank of India (RBI) Act 1934, which pertains to steps to be taken if the central bank fails to meet its inflation-targeting mandate.
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Payment systems have emerged as the lifeline of our financial system: RBI
Updated : 3 years, 4 months ago IST
The Governor, speaking at FIBAC 2022 Conference, said the central bank's focus is on promoting interoperability, cross-border linkages and innovation.
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Central Bank Digital Currency is going to be major transformation of the w
Updated : 3 years, 4 months ago IST
While addressing FIBAC on Wednesday, Governor Shaktikanta Das said, "Yesterday, we launched the trial of our digital currency, Central Bank Digital Currency (CBDC) project. It was indeed a landmark moment in the history of currency in our country. Going forward, it will be a landmark moment.
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Strong July-September quarter lifts demand to pre-pandemic levels: World G
Updated : 3 years, 4 months ago IST
According to the council, consumers and central banks bolstered demand for the yellow metal, although there was a notable contraction in investment demand.
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