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1 min read
Russia has lost another banking partner as more lenders turn their back on Moscow over fear of sanctions
Oversea–Chinese Banking Corp reportedly told customers it would no longer process Russian transacti…
Jennifer Sor
1 min read
Pakistan to issue new notes to combat counterfeit currencies
Pakistan's central bank has announced that it will introduce new currency notes with enhanced secur…
PTI
2 mins read
RBI announces auction sale of Govt. securities of ₹32,000 crore
The Reserve Bank of India has announced the auction for the sale of Government Securities worth Rs …
ANI
2 mins read
At USD 642.292 bn, India's foreign exchange reserves hit all-time high
India's foreign exchange reserves rose for the fourth straight week to hit an all-time high of USD …
ANI
3 mins read
India provided more climate finance in 2022 than many rich nations, noted recent report
India provided $1.287 billion in climate finance to other developing countries through MDBs in 2022…
PTI
3 mins read
India's digital economy poised to constitute 1/5th of GDP by 2026, highlights RBI report
Several enabling forces have come together to energise this revolution. Although internet penetrati…
PTI
2 mins read
Fast cross-border payments to make it difficult to check money laundering, terror funding: Fed official
The US Fed official overseeing payment systems said slowing down the speed at which payments are cl…
PTI
1 min read
Post-rate cut bubble risks mean investors should buy bonds and gold, Bank of America says
With new easing cycle from the Fed kicking off, tech "bubble risks" are back, Bank of America strat…
Kelly Cloonan
2 mins read
After UPI, RBI set to launch Unified Lending Interface (ULI) for friction-less credit
The ULI platform facilitates a seamless and consent-based flow of digital information, including ev…
ANI
2 mins read
Gold prices have another 29% upside as China's central bank continues its buying spree, famed economist says
China has purchased about 181 tonnes of gold over the past year, and is now the sixth-largest holde…
Matthew Fox
2 mins read
Rupee falls 3 paise to close at all-time low of 83.66 against US dollar
On Thursday, the rupee depreciated 5 paise and settled at a new low of 83.63 against the US dollar.
PTI
3 mins read
CPI inflation drops to lowest in five years but road ahead could be bumpy: SBI Report
India's CPI inflation dropped to 3.54% in July 2024, the lowest in nearly five years, due to a sign…
ANI
2 mins read
What has changed for your credit cards, starting today?
Starting today, RBIs new rules mandate that all credit card transactions in the country be processe…
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
Garment sector facing uncertainty due to Bangladesh crisis, normalcy may return soon: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman acknowledged uncertainties in India's garment sector prompted b…
PTI
2 mins read
RBI MPC meet – Cheque clearing time reduced, UPI limit increased for tax payment
Reserve Bank of India (RBI) Governor Shaktikanta Das at the Monetary Policy Committee (MPC) meeting…
2 mins read
India’s central bank to establish cloud facility for financial institutions
India’s central bank, the Reserve Bank of India (RBI) is working on a dedicated cloud facility for …
5 mins read
Taylor Swift is flexing her economic muscles again with the return of her tour and a new book
Taylor Swift's upcoming self-published challenges business norm. But her tour's return raises conce…
Dan DeFrancesco
4 mins read
RBI likely to keep interest rate unchanged at 6.5%, say experts
Reserve Bank of India (RBI) is likely to keep the key interest unchanged at 6.5% on Thursday, and w…
PTI
2 mins read
Indian banks expected to maintain profitability amid margin pressure: Fitch Ratings
According to Fitch, while net interest margins (NIMs) are anticipated to narrow by 10 to 20 basis p…