The Reserve Bank of India, in its monthly bulletin on Tuesday, noted that consumer price inflation (or retail inflation) in India remained high while core inflation defied to reflect the softening of various input costs.
The Delhi High Court on Monday granted six weeks more time to the Reserve Bank of India (RBI) to respond on a Public Interest Litigation (PIL) seeking direction to implement a Uniform Banking Code for foreign exchange transactions to control black money generation and benami transactions.
According to a public statement which came on RBI website, the person should have at least fifteen years of experience in banking and financial market operations and extensive experience as a full-time director/board member.
Speaking at the Payment System Operators (PSO) Conference in Kochi on Saturday, the government said, "Availability and affordability of an expeditious grievance redress mechanism is of utmost importance to ensure public trust in digital payments."
"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
To increase awareness about the Reserve Bank Integrated Ombudsman Scheme - 2021, a media interaction was organised under the aegis of G20 and on the occasion of World Consumer Rights Day celebrated on March 15.
New Delhi [India], March 15 (ANI/ATK): Big Eyes Coin (BIG) is aiming for the moon in its presale as it continues to win over a lot of crypto enthusiasts, especially with its new vault pin offer. Meanwhile, a lot of the altcoins in the market, such as Polkadot (DOT) and Avalanche (AVAX), are