You Searched For "central bank functions" and got 20 results
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1 min read
Curious to know what the Reserve Bank does? Star India will soon produce a web series narrating the RBI's 90-year journey
The series will be available on both national television and OTT platforms, expanding its reach and…
2 mins read
Banks scramble to repair the damage caused by Crowdstrike IT outage
British banks Santander and Metro Bank said they were impacted by Friday's outage, which affected t…
Jyoti Mann
2 mins read
Customers at several small-sized banks affected as tech provider C-Edge suffers ransomware attack
The issues are being faced for the last two days after the discovery of a breach of the system…
PTI
3 mins read
DHFL scam, simplified: Here’s all about the Dheeraj Wadhawan case — allegedly India’s biggest banking loan fraud ever
The CBI also explains that the Wadhawans had allegedly created lakhs of fake borrowers by randomly …
5 mins read
Beyond banking: How Slack is reshaping financial services for the digital age
In the ever-evolving landscape of financial services, technology has become the cornerstone of inno…
1 min read
Israel's currency tumbles to 7-year low, prompting its central bank to sell $30 billion in foreign reserves
Strategists have warned that Hamas' attack on Israel will weigh on markets and commodities while fu…
Phil Rosen
1 min read
Stable, strong financial system to act as bedrock for economic progress: RBI Governor
Reserve Bank Governor Shaktikanta Das on Monday said the endeavour of the central bank would be to …
PTI
2 mins read
RBI rules out review of action against Paytm Payments Bank
Reserve Bank of India Governor Shaktikanta Das on Monday ruled out any review of the central bank's…
PTI
6 mins read
India’s digital currency to be launched in FY23 to be cost effective, transparent and secure
The central bank digital currency (CBDC) is about to be launched this financial year in FY23, finan…
2 mins read
Energy traders are begging central banks for emergency cash to keep commodities markets functioning amid Russia's attack on Ukraine
A group that includes BP, Shell, and ExxonMobil sent a letter to central banks asking for liquidity…
Natasha Dailey
1 min read
RBI found excessive dominance by 1-2 board members even in big commercial banks: Das
Reserve Bank Governor Shaktikanta Das on Monday said the central bank has noticed "excessive domina…
PTI
5 mins read
How the Fed's plan to let inflation run hot could completely upend the way the market functions
The central bank's new framework stands to drive a regime change that replaces a decade of weak exp…
Ben Winck
3 mins read
Elon Musk has called out the Fed more than 20 times for hiking interest rates too much. Here's a roundup of his attacks on the central bank.
Elon Musk has complained the Fed's interest-rate hikes are risky, unnecessary, and harmful to Tesla…
Theron Mohamed
4 mins read
Pak, IMF commence negotiations for release of $710 million second tranche of $3 billion loan
Porter "appreciated the government's commitment" to meeting the first-quarter targets, the Mini…
PTI
5 mins read
Russia says it has slowed inflation and kept unemployment steady despite the West's sanctions. 2 experts break down Putin's spin on the numbers.
President Putin's regime makes exporters convert their earnings into rubles. Companies exiting Russ…
Huileng Tan
2 mins read
Central banks' digital currencies must not harm their monetary mission - and must complement cash, G7 finance leaders say
"If issued, a CBDC would complement cash and could act as a liquid, safe settlement asset and as an…
Shalini Nagarajan
1 min read
RBI Central Board discusses functioning of co-operative banks
Bhubaneswar, Dec 13 () The RBI Central Board on Friday reviewed functioning of the urban cooperativ…
PTI
3 mins read
The Federal Reserve lifts interest rates in first double-sized hike since 2000 — paving the way for much pricier mortgages, car loans, and other borrowing
The central bank raised its benchmark interest rate by a half percentage point on Wednesday, signal…
Ben Winck
4 mins read
Betting on banking and healthcare sectors for steady growth, says Chintan Haria of ICICI Prudential
The investment climate has toughened in the last few weeks, with Israel-Hamas conflict adding to to…
3 mins read
Not comfortable with NPAs in urban co-op banks says RBI, asks lenders to focus on governance
RBI Governor Shaktikanta Das on Monday said the central bank is "not comfortable" with the gross no…