Central Bank
- Business
RBI may hike repo rate at monetary policy meeting next week
Mumbai: The Reserve Bank of India’s (RBI) rate-setting committee is likely to hike 25-50 basis points in repo rate in the monetary policy meeting to be held between August 3-5, according to…
- World
Central banker warns Sri Lanka faces shutdown without stable government
Colombo: The governor of Sri Lanka’s central bank, Nandalal Weerasinghe, has warned that the country may shut down if no stable government is formed soon, local media reported. There is a “lot…
- Business
Sri Lanka warns public not to use cryptocurrencies amid economic upheaval
Colombo: The Central Bank of Sri Lanka has warned the public from using cryptocurrencies amid the grave economic crisis in the country, saying that this market is “largely unregulated”. The bank, CBSL,…
- World
Sri Lanka reduces amount of holding foreign currency
Colombo: The Central Bank of Sri Lanka on Saturday announced that the amount of foreign currency an individual can hold has been reduced from $15,000 to $10,000. The central bank said the…
- World
Sri Lanka defaults on debt for first time in its history
Colombo: Sri Lanka has defaulted on its debt for the first time in its history as the country struggles with its worst financial crisis in more than 70 years, BBC reported. It…
- World
Sri Lanka decreases limit of foreign currency people can hold to USD 10,000
Colombo: Sri Lanka’s Central Bank on Thursday decided to substantially decrease the limit of foreign currency a person can hold in his possession to USD 10,000 from USD 15,000 as the forex…
- World
All Russian gold from foreign exchange reserves is within country: Central bank
Moscow: The Central Bank of Russia stated that all Russian gold from the national gold and foreign exchange reserves is located on the territory of the country. “All the gold from our…
- Business
We see clear advantages in a central bank driven digital currency”: Nirmala Sitharaman
Bengaluru: Union Finance Minister Nirmala Sitharaman on Tuesday said the ‘Digital Rupee’ is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages…
- Pakistan
Pakistan central bank subordinated to IMF: Jamaat-e-Islami chief
New Delhi: Sirajul Haq, chief of the Jamaat-e-Islami (JI), has announced an anti-government movement, saying that the State Bank of Pakistan (SBP) is no longer in its control, rather it has been…
- Business
RBI’s Board discusses aspects of central bank digital currency
Mumbai: The Central Board of the Reserve Bank of India on Friday deliberated upon various aspects relating to the central bank digital currency and private crypto currencies. The discussions took place at…
- Business
Reserve Bank imposes Rs 1 cr penalty on SBI
Mumbai: Reserve Bank on Friday said it has imposed a penalty of Rs 1 crore on State Bank of India (SBI) for deficiencies in regulatory compliance. The penalty has been imposed by…
- Middle East
Yemen receives $665mn from IMF in SDR allocation
Sanaa: The internationally-recognised Yemeni government has announced receiving $665 million as the allocation of Special Drawing Rights (SDR) from the International Monetary Fund (IMF). In a statement issued on Tuesday, the Central…
- World
Russia’s central bank mulls launching its own digital currency
Moscow [Russia]: The Central Bank of Russia’s president Elvira Nabiullina on Sunday said that the bank was considering launching its own digital currency. Nabiullina made the comments while speaking at a students…
- Crime and Accident
BJP leader Prahlad Bandhwar shot dead in Mandsaur
Mandsaur (Madhya Pradesh): Bharatiya Janata Party (BJP) leader and Mandsaur Municipal Corporation President, Prahlad Bandhwar, was shot dead in Nai Abaadi, Mandsaur on Thursday. He was shot by a bullet near the…
