Central Bank
- Middle East
Saudi Arabia to deposit USD 3 billion in Pakistan’s central bank
Islamabad: Saudi Arabia will deposit USD 3 billion into Pakistan’s central bank, Finance Minister Muhammad Aurangzeb said Wednesday. The funds will provide a much-needed financial boost to Pakistan, where the economy has…
- World
US Fed keeps interest rates unchanged, flags oil shock risks
Washington: Federal Reserve Chair Jerome Powell said the US central bank was keeping interest rates unchanged as it monitored the fallout from higher oil prices and broader uncertainty linked to the conflict…
- Business
RBI proposes stronger safeguards for customers in digital banking frauds
Mumbai: The Reserve Bank of India on Friday, March 6, issued draft amendment directions to strengthen the framework governing customer liability in digital transactions, as it seeks to widen protection for users…
- Business
India’s forex reserves drop USD 2.119 bn to USD 723.608 bn
Mumbai: India’s forex reserves dropped by USD 2.119 billion to USD 723.608 billion during the week ended February 20, the RBI said on Friday, February 27. In the previous reporting week, the…
- Business
India’s forex reserves jump USD 3.293 bln to USD 696.61 bln
Mumbai: India’s forex reserves jumped by USD 3.293 billion to USD 696.61 billion in the week to December 26, the RBI said on Friday. The overall kitty had increased by USD 4.368…
- Middle East
Iran names new central bank governor amid soaring inflation
Tehran: Iran on Wednesday, December 31, appointed a new governor to the central bank after the former one resigned following a record currency fall against the US dollar that sparked large protests.…
- Business
Three-day RBI MPC meeting begins on Monday
New Delhi: The much-awaited Reserve Bank of India’s Monetary Policy Committee (MPC) meeting from August 4-6 comes at a time when the global economy is facing fresh challenges amid US tariffs —…
- Business
Another RBI rate cut to spark affordable real estate momentum: Experts
New Delhi: As the Reserve Bank of India (RBI) prepares for its monetary policy committee (MPC) meeting this week, industry experts said on Tuesday that the transmission of rate cuts into lower…
- India
RBI MPC may cut repo rate on June 6 as inflation cools: Analysts
New Delhi: As the RBI’s Monetary Policy Committee (MPC) is set to meet later this week, analysts on Monday expected the Central Bank to go for a third consecutive rate cut of…
- Business
Economists see RBI dividend to govt surpassing record Rs 2.5 lakh cr in 2025-26
Mumbai: Economists expect the Reserve Bank of India’s (RBI) dividend to the government to surpass a record over Rs 2.5 lakh crore this year as the central bank earnings, through the sale…
- Business
India has 879.59 metric tonnes of gold, 511.99 MT held domestically: RBI
New Delhi: The Reserve Bank of India (RBI) had 879.59 metric tonnes (MT) of gold at the end of March 2025, of which 511.99 metric tonnes were held domestically, the Central Bank…
- Business
BOK rules out inclusion of bitcoin in foreign exchange reserves
Seoul: The South Korean central bank has called for a “cautious approach” to the idea of including bitcoin as foreign exchange reserves given its price volatility, officials said on Sunday. There have…
- Business
RBI fines JM Financial Products Ltd, Experian Credit Information Company
New Delhi: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 3.10 lakh on JM Financial Products Limited over non-compliance. The penalty was imposed for not complying with…
- Business
RBI to inject Rs 2.5 lakh crore to enhance liquidity in banking system
Mumbai: The Reserve Bank of India (RBI) was all set to inject Rs 2,50,000 crore through its Variable Rate Repo (VRR) auction on Wednesday to enhance liquidity in the banking system. The…
- World
Sri Lankan economy records 4.5% growth in fourth quarter of 2023: Central Bank
Colombo: After six successive quarters of negative growth, Sri Lanka’s bankrupt economy is estimated to have recorded a growth of 4.5 per cent year-on-year in the fourth quarter of 2023, the Central…
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