central bank

The country's foreign exchange reserves fell by $9.64 billion to $622.275 billion in the week ended March 11, 2022, as the rupee depreciated against the US dollar in a amid rising crude oil prices and capital outflows due to sustained…

RIYADH: Central banks in the Gulf and the UK raised interest rates, while economic growth in New Zealand resurfaced. The United States has seen changing levels of unemployment. Gulf Interest Rates Gulf central banks on Wednesday…

Patra said geopolitical tensions could cause the RBI to revise its growth projection in the April policy. The Reserve Bank of India (RBI) will assess inflation in detail in the next monetary policy statement in April, after recent…

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Soaring gasoline prices are stoking inflation and causing headaches for governments and central banks around the world. In countries where elections are approaching, they are an additional headwind for incumbents. While the midterm…

For a roundup of the biggest and most important stories from TechCrunch delivered to your inbox every day at 3:00 PM PST, subscribe here. Hello and welcome to the Daily Crunch on Tuesday, February 15, 2022! We've…

In the Union budget, the government announced its intention to promote green bonds to support investments in climate-friendly projects. This is a timely move as India urgently needs to scale up its funding to meet its climate obligations…

India has surprised the payments world by announcing that its central bank will issue digital currency as early as 2022-23, a crucial decision that most major economies refuse to make in a hurry. According to Finance…

New Delhi: Indian stock markets have been very volatile over the past two weeks. On Tuesday, the benchmark, Sensex, showed strong swings. It opened at 57,621 and moved to 57,925. Later, Sensex fell to 57,058, later…

The bank to provide better banking facilities in the villages In a bid to provide better banking facilities to people living in remote areas of the state, the Chief Executive of Jharkhand…

As cash-strapped MSMEs continued to be the focus of the Centre, banks should now breathe a huge sigh of relief As the banks are sitting on higher liquidity, the measures in this budget aimed to get them out of their “risk aversion” phase…

The government could mop up around Rs 1 lakh crore if it dilute a 10% stake in the public sector insurer, but the extent of the problem is not yet clear as market sentiments could decide. The government has collected Rs 27,330 crore or 16%…

The Delhi High Court on Tuesday dismissed petitions filed by Future Coupons Ltd and Future Retail Ltd seeking to overturn the arbitration proceedings initiated by Amazon in Singapore.…

THE BANKING sector succeeded in improving the quality of assets during the Covid year, the ratio of gross non-performing assets to advances rising from 8.2% at the end of March 2020 to 7.3% at the end of March 2021 - and again to 6.9% at…

MUMBAI Lenders at Future Retail Ltd are in initial talks about whether they should take a more active role in offloading some of the group's non-core assets in a bid to collect their loans, a person familiar with…

The bad news is that three years after Sri Lanka was forced to cede the port of Hambantota to China on a 99-year lease due to a loan default, media reports that Uganda's airport d 'Entebbe may soon go down the Hambantota route for…

NEW DELHI : The government is proposing to recapitalize public sector banks (PSBs) that have emerged from the Reserve Bank of India (RBI) Quick Corrective Action (PCA) framework and may need additional funds to…

While term deposits gave negative returns after adjusting for inflation and gold was a losing investment (all returns were as of December 17), stock prices surged and cryptos exploded. It was also the year when sectors…

Before the winter session, the government had listed 26 new bills, including the three bills above. However, the three bills as well as the one on reforms in the electricity distribution sector appear to have been withdrawn from the…

Banks wrote off Rs 2,02,781 of bad debts in the fiscal year ended March 2021 when the Covid-19 pandemic hit the country and the Reserve Bank of India (RBI) allowed banks to announce relief as a moratorium on loans for borrowers. Along with…

MUMBAI: Indian stock markets will take inspiration from the Reserve Bank of India's monetary policy statement on Wednesday, while SGX Nifty futures suggest a positive opening for domestic benchmarks.…

The government of Haryana has received a whopping sum of Rs 70,126 crore in loans from various public sector banks since April 1, 2014. The state government used its largest loan of 15,602…

This was a somewhat unexpected stance from Jerome Powell, who wants to end the extraordinary monetary support measures a little earlier than expected. Until now, Powell has positioned himself more in the camp of soft and accommodating…

The Reserve Bank of India (RBI) has kept in limbo its internal task force (IWG) proposal to license large companies to banking amid fears about connected loans and personal transactions if they are authorized in the banking area. What is…

PNB management attributed the decrease in the NII to the one-time impact of a legal embargo on the recognition of bad debts during the September quarter of fiscal year 21.As loan growth in the corporate segment slowed and low interest…

New Delhi | Jagran Business Office: The Reserve Bank of India (RBI) has decided to change the rules for bank lockers and announced new guidelines for safe deposit in lockers and safe custody facilities offered by banks. The…

Wall Street banks have been among the biggest beneficiaries of the pandemic-era trade boom, fueled by the massive injection of liquidity by the Federal Reserve into financial markets. As the central bank nears the time to start cutting…

The RBI's Monetary Policy Committee kept key rates unchanged and maintained an accommodative stance in its October review. As expected, the policy statement was conciliatory. Clearly, Mint Road does not yet want to label the ongoing…

(Bloomberg) - Poland unexpectedly increased borrowing costs for the first time since 2012, giving in to pressure from government and investors to tackle the spike in inflation that has already triggered rate hikes of interest throughout…

India's external debt stood at $ 571.3 billion at the end of June, registering an increase of $ 1.6 billion from its level at the end of March 2021, the RBI said on Thursday. However, the ratio of external debt to GDP fell to…

Indian Overseas Bank shares hit new highs as the Reserve Bank of India (RBI) pulled it out of its Rapid Corrective Action (PCA) framework.IOB shares rose 13% Thursday morning to hit 23.15 each, at 10:30 am. Since the start of the year, the…

The Reserve Bank of India took public sector lender Indian Overseas Bank (IOB) out of the Rapid Corrective Action Framework (PCA) (PCA) on Wednesday due to improving its financial and credit profile. The move gives the…

NEW DELHI: Chinese tech moguls have lined up to pledge their support for President Xi Jinping's "common prosperity" policy and the market's disruptive regulatory assault on the digital sector, at the country's annual internet conference .…

As the world suffers from out-of-season rains and cyclones, sporadic forest fires that last for days, burning assets worth billions to ashes, extreme weather events have become a crucial…

BENGALURU (Reuters) - Indian stocks closed flat on Wednesday as major private bank shares fell and offset large gains from Coal India, while media companies soared on news of the merger of Zee Entertainment with a rival. The…

Central Bank Digital Currencies (CBDCs) are in various stages of development, launch and use around the world, but you could say that in Europe and the United States, it's all about catching up with China. February is therefore shaping up…

Tokyo-based start-up Terra Motors, a manufacturer and distributor of three-wheeled electric vehicles, recently launched a financial subsidiary in India. Its goal is to use microfinance to increase buyers' income and boost vehicle sales.…

India's foreign exchange reserves rose $ 8.895 billion to a record high of $ 642.453 billion in the week ending September 3, 2021, according to data from the Reserve Bank of India (RBI). According to RBI data, foreign exchange reserves…

In 2017, the central bank raised the capital requirement to Rs…

MUMBAI: Private sector lender Yes Bank is looking to partner with investors to create an asset rebuilding company and has appointed EY as its process advisor, according to a public notice released Wednesday.…

A bill was passed Monday at Lok Sabha to help small depositors save in troubled banks. The Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill 2021 aims to help small depositors, especially people who have savings in…

MUMBAI: Leading economists and analysts believe that the political stance as well as the tone of the central bank "clearly signals a normalization of political stance", even though the governor continues to prioritize growth relative to…

The Indian government has assured that COVID-19 vaccines will be provided to all by December 2021. The Asian Development Bank (AfDB) lowered its growth forecast for India for this year to 10% on Tuesday, from 11% expected in…

Eight public sector banks joined the team to lead the first round of capital injection into National Asset Reconstruction Co. Ltd (NARCL) or the so-called “bad bank,” documents…

Banks and other financial institutions have played an important role in strengthening the country's economy. The Indian economy had been devastated due to prolonged slavery. At the time of independence, the country was dominated by…

Gold auction notices by private lenders in regional dailies spread over more than a full page are becoming regular, which for the uninitiated may indicate the financial stress of the pandemic not just in the sections. economically weak,…

The Indian government has set a divestment target of Rs 1.75 lakh crore for FY2021-22. It is perceived that state-run banks are not performing to their potential for a variety of reasons. The recent announcement by the Ministry of…

IL&FS received 1,925 crore rupees from Haryana Shehari Vikas Pradhikaran (HSVP) as an interim termination payment in the Gurgaon metro project case. The payment, duly received in escrow accounts, is in accordance with the…

Mumbai: The banking sector posted its highest profits ever, rupee 1,02,252 crore, in FY21, a year the economy was hit by the pandemic. This is a significant turnaround from a net loss of almost Rs 5,000 crore to the industry in FY19.…

To get the economy back on track after the involvement of the Covid-19 pandemic and lockdowns, market liquidation will play a crucial role. To increase cash flow to market banks through loan demand, Reserve Bank of India Governor…

MUMBAI: The Reserve Bank of India (RBI) was second behind Turkey in terms of reserves transferred to the government as a percentage of gross domestic product (GDP) for fiscal year 2020-2021. In FY20, the RBI ranked fourth in the surplus…

Business oi-Sunil Fernandes | Posted: Wednesday Jun 16, 2021 9:27 AM Global markets were trading mostly lower, ahead!--QLINKS_ON-->!--QLINKS_OFF-->…

Mercedes-Benz AG recently introduced its Maybach sport utility vehicle in India - in the midst of a fierce second wave of the pandemic. The 50 cars that the German automaker wanted to sell by the end of 2021 were broken in…

BAGHDAD (Reuters) - Iraq's oil sector is rebounding after a catastrophic year sparked by the coronavirus pandemic, with key investment projects on the horizon, Iraq's petroleum minister said on Friday. But he also warned that a…

BloombergMalaysian assets plummet after government imposes full lockdown(Bloomberg) - Malaysian stocks fell and the ringgit weakened after the government imposed a two-week nationwide lockdown to curb a relentless spike in Covid-19…

Mumbai: Kristo Käärmann, co-founder and CEO of Wise (formerly TransferWise) came up with the idea for a fast and cheap remittance service after being overcharged by UK banks for sending money back to him.…

India's central bank sold a draft 320 billion rupees ($ 4.4 billion) of bonds in its weekly sale on Friday, with many traders expecting the monetary authority to buy back the shares later.The Reserve Bank of India bought 100 billion…

Indian Rupee, USD / INR, RBI, Coronavirus, Cairn Energy Plc, Technical Analysis - Talking PointsIndian rupee has strengthened lately despite local coronavirus outbreakFlood of dollars in Indian banking system amid tax dispute boosted…

Illustration: Soham Sen / ThePrint Text size: A- A + TThe Reserve Bank of India (RBI) has announced a new round of measures to tackle the economic disruption caused by the sharp…

Why is the Indian stock market not falling further? The question is fair, given the risky asset class in a country struggling with its most horrific calamity since its violent partition and independence almost 75 years ago.…

In a bid to alleviate the scourge of the COVID-19 pandemic, the Reserve Bank on Wednesday released a resolution 2.0 framework under which individuals and small businesses with exposure of up to Rs 25 crore can opt for a loan…

A logo of the Reserve Bank of India (RBI) is seen at the entrance to its office in New Delhi, India on November 9, 2018. REUTERS / Altaf HussainIndia's central bank on Wednesday unveiled new measures to help lenders weather the rise in…

The Bombay Stock Exchange (BSE) building is pictured next to a police van in Mumbai, India on August 24, 2015. REUTERS / Danish Siddiqui / File PhotoIndian stocks opened higher on Wednesday, led by financial heavyweights, as market…

A huge, Chinese-backed coal-fired power project in Sindh province, southern Pakistan. China has risen to support cash-strapped Pakistan in a standoff with Saudi Arabia. Photo: Rizwan Tabassum / AFP via Getty…

WASHINGTON (AP) - Treasury Secretary Steven Mnuchin on Friday denied that he was trying to limit options for President-elect Joe Biden to revive the pandemic-damaged economy by ending several emergency loan programs run by the Federal…

ING has promised to increase dividend payments and share buybacks if regulators lift restrictions later this year, as the Dutch bank announced a stronger-than-expected end of 2020.The pledge came as the lender's annual net…

Resilience has become the watchword for governments around the world. It is primarily applied to healthcare systems and manufacturing supply chains that are at risk of being overwhelmed by Covid-19. But a new approach to…

SHANGHAI / BEIJING (Reuters) - Chinese regulators are asking banks to reduce their loan portfolios this year to guard against risks resulting from bubbles in domestic financial markets, people familiar with the matter said on Friday.Banks,…