The Reserve Bank of India's (RBI) first interest rate cut in nearly five years will not be enough to spur loan growth since the tight liquidity conditions will prevent banks from passing on the ...

Here are the key takeaways from the Reserve Bank of India’s first monetary policy decision under its new governor, Sanjay Malhotra, who took charge in December: ...

Let’s take a look at the countries with the largest gold reserves and India ... Central Bank. France is one of the European economic powerhouses and maintains a major gold reserve.

Great news for mobile users in India! The Reserve Bank of India (RBI) has recently introduced two dedicated phone number series for financial institutions to make transaction and marketing calls ...

The term "reverse repo rate" refers to the interest rate that is paid on deposits. The Reserve Bank of India pays interest on deposits at the reverse repo rate, whereas the repo rate is paid on ...

A non-resident Indian (NRI) in the US, for instance, can now open a rupee account with the New York branch of an India-registered AD bank. They will be able to hold rupees received for exports to ...

Sources: IMF and Central Bank of the Republic of China (Taiwan) To highlight one of the top 10 above, India held $662 billion in foreign currency reserve assets as of November 2024. Its central ...

In December 2024, Canara Bank received Reserve Bank India's approval for a proposal to divest the bank's stake in Canara HSBC Life Insurance Company and Canara Robeco AMC. Union Bank of India ...

OFDI has three components — equity, loans and guarantee issued. In the last calendar year, overseas FDI by local companies in the form of equity stood at $12.69 billion, a rise of 40 per cent over the ...

The dollar’s role as the world’s reserve currency and the US’s influence in international institutions like the IMF and World Bank reinforced ... Russia, India, China, South Africa and ...

SRVAs were introduced in July 2022, and several foreign banks have since opened such accounts with banks in India. The Reserve Bank has also signed a memorandum of understanding (MoU) with the central ...

WASHINGTON, Jan 17 (Reuters) - The U.S. Federal Reserve announced on Friday it had ... outside the Fed's statutory mandate. The central bank joined the group in 2020. The exit comes three days ...