Search For "central bank"
RBI imposes Rs 5.72 crore monetary penalty on Federal Bank Limited
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 8 (ANI): The Reserve Bank of India (RBI) said on Friday it has imposed a monetary penalty of Rs 5.72 crore on Federal Bank Limited for non-compliance with the central bank's direction related to the delivery of financial services.
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Inflation in Sri Lanka may increase to 70 pc in coming months
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], July 7 (ANI): Amid the ongoing economic crisis in the country, the headline inflation in Sri Lanka might increase to 70 per cent in the coming months.
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Euro slumps to 20-year low against US dollar
Updated : 3 years, 8 months ago IST
Frankfurt [Germany], July 6 (ANI/Xinhua): The Euro on Tuesday slumped against the U.S. dollar, hitting a 20-year low of 1.029 dollars in the shadow of an economic recession in the euro zone.
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EXPLAINED: Why central banks, including the RBI, raising lending rates agg
Updated : 3 years, 8 months ago IST
New Delhi [India], July 4 (ANI): Countries across the world have been grappling with unprecedented levels of inflation. In the US, the inflation rate has increased by an unparalleled amount of 8.6 per cent in May 2022, reaching a forty-year high.
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Joyalukkas Exchange partners with Effiya Technologies to leverage Artifici
Updated : 3 years, 8 months ago IST
Dubai [UAE]/ Noida (Uttar Pradesh) [India] July 1 (ANI/BusinessWire India): Joyalukkas Exchange one of the leading money exchanges houses in the Gulf has partnered with Effiya Technologies an Artificial Intelligence (AI) and Machine Learning (ML) solutions provider on AML/CFT compliance for
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RBI imposes Rs 10 lakh penalty on The Tiruchengode Co-operative Urban Bank
Updated : 3 years, 8 months ago IST
New Delhi [India], June 28 (ANI): The Reserve Bank of India (RBI) has imposed a penalty of Rs 10 lakh on The Tiruchengode Co-operative Urban Bank, Tiruchengode, Tamil Nadu, for non-adherence or violation of directions issued under various guidelines including Know Your Customer (KYC) Guideli
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Zimbabwean central bank introduces gold coins as store of value
Updated : 3 years, 8 months ago IST
Harare [Zimbabwe], June 27 (ANI/Xinhua): The Reserve Bank of Zimbabwe (RBZ) on Monday announced the introduction of gold coins into the market as a store of value.
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USD2.3 bn Chinese loan credited to State Bank of Pakistan: Finance Ministe
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], June 25 (ANI): Pakistani Finance Minister Miftah Ismail said on Friday that a loan of USD 2.3 billion from a Chinese consortium of banks had been credited to the central bank's account.
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RBI imposes monetary penalty on Indian Overseas Bank
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], June 24 (ANI): The Reserve Bank of India (RBI) said on Friday it has imposed a monetary penalty of Rs 57.50 lakh on Indian Overseas Bank for non-compliance with certain directions of the central bank.
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China Matters highlighted the 6th World Intelligence Congress: China's Dig
Updated : 3 years, 8 months ago IST
Beijing [China], June 24 (ANI/PR Newswire): The year was 2014 when China's banking sector shook hands on a private banking license deal with the country's Big Tech giants like Alibaba and Tencent among others. This is when digital payments system including Alipay and WeChat, was born. But li
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South Korea's inflation expected to hit 14-year high in 2022
Updated : 3 years, 9 months ago IST
Seoul [South Korea], June 21 (ANI/Xinhua): South Korea's headline inflation is expected to hit a 14-year high this year on growing inflationary pressures both from the demand and the supply sides, a central bank report said Tuesday.
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Global crude oil prices decline on fears of recession, weak demand outlook
Updated : 3 years, 9 months ago IST
New Delhi [India], June 21 (ANI): International crude oil prices have come off their recent highs and declined on fears of the possibility of a recession in the global economy following aggressive monetary policy tightening by central banks and the likelihood of weak demand outlook for th
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