"Climate proofing of our infrastructure has also been a priority, more so in view of the large investment in infrastructure in recent years," the governor said.
Under the MoU, the two central banks will collaborate on various emerging areas of fintech, especially central bank digital currencies (CBDCs) and explore interoperability between the CBDCs of CBUAE and RBI.
India's foreign exchange reserves declined by about USD 2.4 billion to USD 560.003 billion in the week ending on March 10, according to the Reserve Bank of India's latest data.
Reserve Bank of India governor Shaktikanta Das, referring to the Silicon Valley Bank shutdown and its aftereffects, has said the developments in the US banking system have brought to the fore the criticality of banking sector regulation and supervision.
The Reserve Bank of India (RBI) imposed a monetary penalty of Rs 11.25 lakh on IGH Holdings Private Limited, Mumbai (the company) for some non-compliance with the provisions of RBI Act, among some others.
The Delhi High Court on Friday asked the government, the Reserve Bank of India (RBI), and the Securities Exchange Board of India (SEBI) to file responses of former Rajya Sabha MP Subramanian Swamy's PIL seeking direction to form a committee consisting of experts to investigate into the trans
The Reserve Bank of India (RBI) granted an 'Infrastructure Finance Company (IFC)' status to Indian Renewable Energy Development Agency (IREDA) today. It was earlier classified as an 'Investment and Credit Company (ICC)', as per an official release.
The reserves rose USD 1.46 billion at the end of last week after falling by a total of USD 15.8 billion in the previous four weeks, the RBI's statistical supplement showed on Friday.
Delivering a keynote address on 'Self-Regulation in Financial Markets - Looking Back and Looking Ahead' in Egypt, the deputy governor said, "Going ahead, greater challenges will emerge as the markets become more developed and interconnected, and as the range of products expand."
Digital Payment Apnao, Auron ko Bhi Sikhao (Adopt digital payments and Teach others also) -- will be the theme for this awareness week, according to the central bank's statement released on Monday.
Pune (Maharashtra) [India], March 4 (ANI/NewsVoir): The CRISIL AAA/STABLE and [ICRA]AAA(Stable) rated NBFC, Bajaj Finance has once again revised its FD rates by up to 35 bps. The revised FD rates are applicable for all new deposits and renewals with effect from 4th March 2023. After the hike