Search For "central bank"
Public Sector Banks Embrace AI-driven Debt Collection with Spocto X, Boost
Updated : 11 months, 2 weeks ago IST
Mumbai (Maharashtra) [India], April 3: Public Sector Banks (PSBs) are rapidly embracing AI-powered digital solutions to revolutionize debt collections, driven by the urgent need to reduce Non-Performing Assets (NPAs) and enhance recovery outcomes. Leading this transformation is Spocto X-a Yu
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RBI to continue with rate cuts as growth faces potential headwinds, inflat
Updated : 11 months, 3 weeks ago IST
The Reserve Bank of India (RBI) is expected to continue reducing the repo rate as economic growth faces potential headwinds and inflation is likely to come in the central bank's target range, according to a report by HDFC Mutual Fund.
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Electronic payments in Korea hit new high in 2024
Updated : 11 months, 3 weeks ago IST
The amount of payments made electronically in the Republic of Korea reached a record high last year, central bank data showed Thursday, as a growing number of people engaged in contact-free commerce.
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PM Modi commends RBI's digital innovation as it bags Central Banking award
Updated : 12 months ago IST
Prime Minister Narendra Modi said digital innovation continues to strengthen India's financial ecosystem- empowering countless lives- as he commended the Reserve Bank of India for bagging the Digital Transformation Award 2025 from Central Banking, London, UK.
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Al Etihad Payments, Mastercard collaborate to launch 'Jaywan - Mastercard'
Updated : 1 year ago IST
Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE, has partnered with Mastercard to launch "Jaywan - Mastercard" co-badged debit and prepaid cards. The new cards will enhance digital payments in the UAE by offering secure and seamless transactions, including e-commerce
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India forex reserves drop USD 1.8 billion to USD 639 billion in latest wee
Updated : 1 year ago IST
Foreign exchange reserves, or FX reserves, are assets held by a nation's central bank or monetary authority, primarily in reserve currencies such as the US Dollar, with smaller portions in the Euro, Japanese Yen, and Pound Sterling.
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Indian economy to grow between 6.2-6.3% in Oct-Dec quarter: SBI estimates
Updated : 1 year ago IST
The Indian economy grew by 5.4 per cent in real terms in the July-September quarter of the current financial year 2024-25. The quarterly growth was much lower than RBI's forecast of 7 per cent. In the April-June quarter too, India's GDP grew at a slower pace than was estimated by the central
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RBI supersedes New India Cooperative Bank board for 12 months
Updated : 1 year ago IST
Reserve Bank of India superseded the Board of Directors of New India Cooperative Bank Ltd, Mumbai, for a period of 12 months, the central bank said in a statement Friday, a day after it imposed several restrictions on the lender.
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RBI likely to cut repo rate by 25 bps in Governor Sanjay Malhotra's first
Updated : 1 year, 1 month ago IST
Experts anticipate that the central bank may cut the repo rate by 25 basis points (bps) to support economic growth while keeping inflation under control.
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Buying by Central banks leads to record global gold demand; Jewellery dema
Updated : 1 year, 1 month ago IST
This surge was driven primarily by strong central bank purchases and increased investment demand. The combination of record-breaking gold prices and high volumes resulted in an all-time high total value of demand, reaching USD 382 billion.
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Islamic Treasury Bonds Auction for January attracts bids worth AED 6.91 bi
Updated : 1 year, 1 month ago IST
UAE's Ministry of Finance announces the results of its January Islamic Treasury Sukuk auction, attracting bids worth AED 6.91 billion, reflecting strong demand and oversubscription.
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India becomes second largest buyer of gold after Poland in 2024: World Gol
Updated : 1 year, 2 months ago IST
India's year-to-date purchased 73 tonnes of gold with a total gold reserves of 876 tonnes as on November end, making it the second-largest buyer of 2024 after Poland.
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