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India's forex reserves dip by $5.9 billion to $590.59 billion
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 25 (ANI): India's foreign exchange (forex) reserves slumped by $5.87 billion to $590.588 billion for the week ended June 17 as foreign portfolio investors pulled money out of the Indian equities amid mounting concerns of global recession, the Reserve Bank o
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RBI imposes monetary penalty on Indian Overseas Bank
Updated : 3 years, 9 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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RBI extends card tokenisation deadline by three months
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 24 (ANI): The Reserve Bank of India (RBI) on Friday announced an extension of the deadline for card data storage and tokenisation implementation by another three months to September 30, 2022.
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Inflation expected to remain higher than RBI tolerance level till Dec: Sha
Updated : 3 years, 9 months ago IST
New Delhi [India], June 24 (ANI): India's headline inflation is expected to remain higher than the Reserve Bank of India (RBI) upper tolerance level of 6 per cent till December 2022, RBI Governor Shaktikanta Das has said.
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India's economic prospects challenged by Russia-Ukraine war, says RBI Depu
Updated : 3 years, 9 months ago IST
New Delhi [India], June 24 (ANI): The ongoing geopolitical developments in Ukraine have challenged India's economic prospects, thereby darkening the country's outlook and making it highly uncertain, said the Reserve Bank of India's Deputy Governor Michael Patra.
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RBI drafts plan on outsourcing of IT services by banks, NBFCs
Updated : 3 years, 9 months ago IST
New Delhi [India], June 24 (ANI): In order to ensure effective management of risks in outsourcing of IT activities by banks, non-banking financial companies, and other regulated entities, the Reserve Bank of India issued a draft 'Master Direction on Outsourcing of IT Services'.
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RBI appoints former SBI official Chalasani in advisory committee of Srei G
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 23 (ANI): The Reserve Bank of India (RBI) on Thursday appointed former State Bank of India official Venkat Nageswar Chalasani as a member in the advisory committee of Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL).
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Bundesliga: Christopher Nkunku signs RB Leipzig contract extension until 2
Updated : 3 years, 9 months ago IST
The fresh terms come hot on the heels of a sensational 2021/22 campaign from the attacking midfielder, who registered 20 league goals and 13 assists en route to being voted as Bundesliga Player of the Season.
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RoboApe (RBA) and Ethereum (ETH) will explode by the end of the Summer
Updated : 3 years, 9 months ago IST
New Delhi [India], June 23 (ANI/ATK): Many fear that the crypto winter is the new reality the world of crypto should brace for an indefinite period.
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RBI hiked rates to prevent inflation from corroding economic recovery, MPC
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 22 (ANI): The Reserve Bank of India (RBI) Monetary Policy Committee decided to hike the policy repo rate by 50 basis points earlier this month in order to prevent inflation from corroding economic recovery, as per the minutes of the MPC meeting released on
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India's current account deficit falls to $13.4 billion in Q4 of 2021-22
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 22 (ANI): India's current account deficit (CAD) declined to $13.4 billion in January-March 2022 from $22.2 billion recorded in the previous quarter, according to data released by the Reserve Bank of India (RBI) on Wednesday.
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Experts Echo the need for Inclusivity and Diversity in AI and Emerging Tec
Updated : 3 years, 9 months ago IST
New Delhi [India] June 22 (ANI/NewsVoir): Leading voices from research, academia, and industry today echoed the need for a relook at AI and emerging technology to ensure inclusivity and diversity. This insight session on "Inclusivity and Diversity in AI and Emerging Technologies" was facilit
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