Central Bank

How China has replaced the US in bailing out middle-income countries

According to new data, China is providing ever more emergency loans to countries, including Turkey, Argentina, and Sri Lanka. In many ways, China has replaced the United States in bailing out indebted low- and middle-income countries

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