Search For "central bank"
UK central bank considering a central bank digital currency
Updated : 3 years, 4 months ago IST
The central bank of the United Kingdom said people were using cash less and financial technology (fintech) firms have started to offer new forms of money and new ways to pay. The Bank posted a statement last week that these changes mean new opportunities and risks that the central bank needs
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RBI Governor urges ombudsman to be sensitive, judicious while redressing c
Updated : 3 years, 4 months ago IST
The Governor said the RBI Ombudsmen and the regulated entities (REs) must first identify the root causes of persisting customer complaints and take necessary systemic measures to correct them. Second, the resolution of customer complaints by the REs and the RBI ombudsmen have to be fair and
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Singapore says crypto ban not feasible, proposes risk mitigation measures
Updated : 3 years, 4 months ago IST
While putting out the regulatory measures in the public domain, the Singaporean central bank said though trading in cryptocurrencies is "highly risky" and not suitable for the general public such digital assets play a supporting role in the broader digital asset ecosystem which is why it bel
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Delhi HC restores Central Bank of India's complaint after imposing cost of
Updated : 3 years, 4 months ago IST
After imposing a cost of Rs 25,000, the Delhi High Court restored complaint filed by the central bank and asked the bank to deposit with the PM Cares Fund.
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Central Bank of India's net profit rises 27 pc to Rs 318 crore
Updated : 3 years, 4 months ago IST
Mumbai (Maharashtra) [India], October 20 (ANI): The Central Bank of India on Thursday posted a jump of 27.20 per cent in its net profit at Rs 318 crore for the quarter ended September 30 against Rs 250 crore in the year-ago period.
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RBI imposes monetary penalty on Cooperative Bank of Rajkot
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 17 (ANI): The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 2 lakh on Gujarat-based The Co-operative Bank of Rajkot for non-compliance with regulations related to awareness schemes.
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RBI imposes monetary penalty on Meghraj Nagarik Sahakari Bank
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 17 (ANI): The Reserve Bank of India (RBI) said on Monday it has imposed monetary penalty on Gujarat-based The Meghraj Nagarik Sahakari Bank for non-compliance with certain directions of the central bank.
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RBI imposes monetary penalty on Rajgurunagar Sahakari Bank Limited
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 17 (ANI): The Reserve Bank of India (RBI) said on Monday it has imposed a monetary penalty of Rs 4 lakh on Pune-based The Rajgurunagar Sahakari Bank Limited on non-compliance with directions of the central bank on the interest rate and deposits.
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RBI Guv says central bank taking measures to improve availability of digit
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 16 (ANI): The Governor of the Reserve Bank of India Shaktikanta Das on Sunday said the central bank has been taking progressive measures to improve the availability of digital infrastructure for banking services.
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Views on WPI inflation: Rate hikes to continue as retail inflation still a
Updated : 3 years, 5 months ago IST
New Delhi [India], October 14 (ANI): Experts say with retail inflation above the central bank's comfort zone, rate hikes would continue while wholesale price index (WPI) inflation is expected to ease to a single-digit number from October. The experts also said the drivers of inflation seem t
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Sitharaman participates in G20 FMs, Central Bank Governors meeting in Wash
Updated : 3 years, 5 months ago IST
Washington [US], October 14 (ANI): Union Finance Minister Nirmala Sitharaman participated in the second day of the ongoing G20 Finance Ministers and Central Bank Governors Meeting in Washington DC on Thursday.
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RBI fails to meet inflation mandate; Sept CPI surges to 7.41 per cent
Updated : 3 years, 5 months ago IST
New Delhi [India], October 12 (ANI): India's retail inflation surged to 7.41 per cent in September, remaining above the Reserve Bank of India's mandated range of 2-6 per cent for the third straight quarter that would force the central bank to explain to the government the reasons for not bei
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