World Currency Reserves Shrink by $1 Tn in 2022
Global currency market reserves are falling at the fastest pace on record from India to the Czech Republic, intervening to support currencies with the help...
Tag : Central Bank
Rupee Hits the Record Low of 81.55 Against the Greenback
On Monday, Amid a surge in the US bond profits and the US dollar index, the rupee unbolted 0.68 per cent lower to hit a...
PayPal Boosts Optimism, Nasdaq Closes at Three-Month High
Wall Street closed sharply higher on Wednesday, helping the Nasdaq to its highest level since early May, as strong earnings forecasts from PayPal and CVS...
ADB Cuts India Growth Forecast to 7.2% for FY23, Sees Higher Inflation
On Thursday, the Asian Development Bank (ADB) cut India’s growth forecast for FY23 to 7.2% from 7.5% earlier, citing higher-than-expected inflation since April and subsequent...
Provisions, Reverse Repo Ops Hit RBI Dividends
Last week the Reserve Bank of India (RBI) had to pay the government its lowest dividend in 10 years. The reason becomes clear in the...
RBI Projects India GDP Growth Rate at 7.8% for FY23
Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday projected India’s economic growth for the financial year 2023 (FY23) at 7.8 per cent. The...
DBS: Banking Services Back to Normal After 2-Days Outage
Singapore’s DBS Group said its online banking services had been fully restored after suffering disruptions for about two days in its most extensive outage since...
RBI Likely to Hold Rates in Monetary Policy Today
Reserve Bank of India (RBI) governor Shaktikanta Das is widely expected to announce a status quo in his statement on Friday after the monetary policy committee...
RBI Imposes Rs 2 Cr Penalty on Standard Chartered Bank
The Reserve Bank on Thursday imposed a penalty of Rs 2 crore on Standard Chartered Bank India for delays in reporting of frauds to it.The monetary penalty...
Karnataka Bank Fined Rs 1.2 Cr by Reserve Bank of India
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.2 crore on Karnataka Bank Limited for non-compliance of asset classification, divergence and provisioning...