Central Bank
Central Bank News
RBI to launch India’s first digital rupee project: What is a CBDC and how will it work?
The Reserve Bank of India will roll out the digital rupee for the wholesale segment today as part of its pilot project. The digital rupee (CBDC) will give a big boost to the economy and positively change the banking scenario of the country
RBI Governor urges ombudsman to be sensitive, judicious while redressing customers' grievances
The Governor said the RBI Ombudsmen and the regulated entities (REs) must first identify the root causes of persisting customer complaints and take necessary systemic measures to correct them
Explained: Will the Bank of Japan break tradition and raise interest rates?
Even as the Federal Reserve and the world’s other central banks raise interest rates to try to curb inflation, the Bank of Japan has stood firm, keeping its key interest rate at minus 0.1 per cent even as the yen sinks to three-decade lows against the dollar
US Federal Reserve unleashes another big rate hike in bid to curb inflation
The central bank's decision follows a jump in inflation to 9.1 per cent, the fastest annual rate in 41 years, and reflects its strenuous efforts to slow price gains across the economy
Nirmala Sitharaman flags anonymity as 'inherent risk' in use of blockchain
The finance minister's remarks come ahead of the launch of the budgetary announcement of CBDC which is based on the blockchain technology and billed as being similar to paper currency
Sri Lanka crisis: Central Bank Governor resigns amid escalating protests and mounting economic woes
Ajith Nivard Cabraal stepped down after all members of Sri Lanka's Cabinet, apart from President Gotabaya Rajapaksa and his brother, Prime Minister Mahinda Rajapaksa, quit on Sunday
Most Asian markets rise as traders track Ukraine crisis
Confidence remains at a premium owing to the crisis in eastern Europe as well as central bank monetary tightening measures
RBI keeps policy rate unchanged after six consecutive meetings; cuts growth forecast to 9.5%
MPC decided to maintain the status quo, that is keeping benchmark repurchase (repo) rate at 4%. Consequently, the reverse repo rate will also continue to earn 3.35% interest for banks
A year after PMC Bank scam, RBI says NPAs rise in urban co-operative banks, losses balloon up
The Reserve Bank of India said the quantum of gross NPAs in the 1,539 UCBs increased to Rs 33,010 crore at end-FY20 from Rs 22,093 crore a year ago
At $0.6 bn, India records current account surplus in fourth quarter of FY20 for first time in 13 years, says RBI
The RBI data also showed the current account deficit for the October-December quarter of fiscal 2019-20 was revised to $2.6 billion or 0.4 percent of GDP from $1.4 billion earlier.
RBI most popular among central banks on Twitter; followers more than double to 7.5 lakh since March 2019
The Reserve Bank of India is not the most powerful in terms of monetary fire power like its peers in the US and Europe but when it comes to popularity, the monetary authority is the most followed on Twitter
Fed, Bank of England ramp up emergency responses to escalating coronavirus recession; push deeper into uncharted territory
The Fed, in its boldest move to date to soften the historic shutdown of much of the US economy, pledged $2.3 trillion to help local governments on the front lines of the health crisis and to prop up small and mid-sized businesses.
RBI holds OMO auction worth Rs 15,000 crore for liquidity in system; settlements to be done today
While the notified amount was Rs 15,000 crore, total amount offered stood at Rs 39,529 crore but the central bank accepted only the notified amount.
PSB instructs officials to restrict circulation of Rs 2,000 notes, urges customers not to panic as no curbs on accepting
After issuing the directive to restrict the circulation of Rs 2,000 notes, senior officials of the PSB reportedly called branch managers to confirm that it was being executed immediately.
PMC Bank scam: Restrictions on cash withdrawal from lender based on ability to pay depositors, RBI tells Delhi HC
The submissions were made in response to a PIL seeking removal of restrictions on cash withdrawals from the PMC Bank.
Operation Twist hasn’t quite produced expected outcomes but will RBI’s latest attempt buck previous trend?
A successful ‘Operation Twist’ could mitigate that additional need. Past experience, however, shows that success can be a mixed blessing.
Sensex drops over 150 points, Nifty above 12,200-mark in opening trade; Bharti Airtel, RIL among top losers
Titan was the top gainer in the Sensex pack, rising up to 2 percent after its inclusion in the index. Kotak Bank, Tata Steel, UltraTech Cement, ONGC, HUL and TCS were also trading in the green.
Rupee falls 6 paise to 71.03 against dollar on crude price rise amid expectations of intervention by central bank
At the interbank foreign exchange market, rupee opened on a weak note at 71.01 and fell further to a low of 71.18.
Sensex, Nifty end lower in a see-saw trade as RBI surprises with status quo; Bharti Airtel, Tata Steel among top losers
On the Sensex chart, Bharti Airtel, Tata Steel, IndusInd Bank, HeroMoto Corp and Tata Motors were among the major laggards.
RBI Monetary Policy 2019 Updates: Forensic audit on PMC Bank scam expected by month-end, says Shaktikanta Das
If the Reserve Bank of India (RBI) cuts the repo rate today, it would be the sixth reduction in the short-term lending rate this financial year.