Search For "central bank"
RBI hikes repo rate by 50 bps to 5.90 pc, inflation projection retained at
Updated : 3 years, 5 months ago IST
Mumbai [India], September 30 (ANI): The Reserve Bank of India (RBI) on Friday hiked repo rate by 50 basis points to 5.90 per cent in order to control the rising inflation, keeping in line with the aggressive policies of central banks and the volatile markets prevalent across economies. Read More
Indian markets end flat: Sensex down 188 pts, Nifty down 41 points
Updated : 3 years, 5 months ago IST
Mumbai [India], September 29 (ANI): The benchmark indices on Indian equity markets closed flat on Thursday, due to the selling pressure prevalent in global markets. The S&P BSE ended 0.33 per cent lower at 56,409 level, 188 points down from the previous session while Nifty50 closed at 16
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Markets monitor RBI MPC meet; rupee downtrend likely to continue
Updated : 3 years, 5 months ago IST
New Delhi [India], September 25 (ANI): Markets fell for a second consecutive week while rupee's decline versus dollar put pressure to reverse the positive flows into the domestic market for two months. US Federal Reserve's hiked rates and a tighter monetary policy across central banks across
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US Fed signals aggressive rate hike: how will it impact Indian economy?
Updated : 3 years, 5 months ago IST
New Delhi [India], September 22 (ANI): The Federal Reserve, the central bank of the United States, on Wednesday hiked policy interest rate by 75 basis points. This is the third straight increase in interest rate by the Federal Reserve since June and it has signalled more large increases in t
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RBI cancels the licence of Maharashtra-based Laxmi Co-operative Bank
Updated : 3 years, 5 months ago IST
New Delhi [India], September 22 (ANI): The Reserve Bank of India on Thursday cancelled the licence of Maharashtra-based Laxmi Co-operative Bank on the basis of weak financials. The central bank also mentioned that the bank consequently ceases to carry on banking business, with effect from Th
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RBI lifts prompt corrective action restrictions on Central Bank of India
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], September 21 (ANI): The Reserve Bank of India has removed the Central Bank of India from the Prompt Corrective Action (PCA) framework after it found the bank was not in breach of any parameters.
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Fintech system in India has evolved, poised for giant leap: Shaktikanta Da
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], September 20 (ANI): Reserve Bank of India Governor Shaktikanta Das has said the fintech system in India has evolved and is poised for a giant leap.
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RBI committed to support innovation in fintech: Shaktikanta Das
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], September 20 (ANI): Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday the central bank is committed to support innovation in fintech sector while keeping in mind consumer protection.
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Morgan Stanley expects 50 bps repo rate hike in next RBI policy meet
Updated : 3 years, 6 months ago IST
New Delhi [India], September 19 (ANI): Faced with sticky inflation and a continued hawkish stance by various central banks, the Reserve Bank of India is likely to raise repo rates by another 50 basis points with an unchanged policy stance when it meets for the next monetary review, global in
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Singapore central bank, India's IFSCA to pursue cross-border FinTech innov
Updated : 3 years, 6 months ago IST
New Delhi [India], September 19 (ANI): The Monetary Authority of Singapore (MAS) and the International Financial Services Centres Authority (IFSCA) signed a FinTech Co-operation Agreement to facilitate regulatory collaboration and partnership in FinTech technology.
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Equity Outlook: All eyes on central bank monetary policy stance for road a
Updated : 3 years, 6 months ago IST
New Delhi [India], September 18 (ANI): All is not well in global financial markets. Market participants are not aggressively participating and are largely shying away from making large bets, especially on concerns of aggressive global monetary policy tightening by various central banks to
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Risk of global recession rises amid simultaneous interest rate hikes: Worl
Updated : 3 years, 6 months ago IST
Washington [US], September 16 (ANI): As central banks across the world simultaneously hike interest rates in response to inflation, the world may be edging toward a global recession in 2023 and a string of financial crises in emerging markets and developing economies that would do them lasti
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