Central Bank

India's central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if Republican candidate Donald Trump wins next week's US presidential election, sources said.

The Nepal Rastra Bank, the central bank of Nepal, has awarded to a Chinese company the contract to print new 100-rupee notes featuring the revised political map of the country.

India's Jio Payment Solutions, a wholly-owned subsidiary of billionaire Mukesh Ambani-led Reliance Group firm Jio Financial Services, has received the central bank's approval to operate as an online payment aggregator, Jio Financial said on Tuesday.

The Bank of International Settlements (BIS) and the Financial Stability Board (FSB) have published their respective reports on VDAs, addressed to the G20 group. The Finance Ministers and Central Bank Governors of the G20 nations are scheduled to meet on October 23-24. The release of these reports by these financial institutes is well aligned with t...

The Paytm said late on Tuesday it received approval from the country's payments authority to onboard new unified payment interface (UPI) users, providing some relief for financial services firm after a central bank-ordered ban on its banking unit.

Reserve Bank Governor Shaktikanta Das on Friday said that the central bank does not act like a policeman, but it maintains tight vigil on financial market and takes regulatory action whenever necessary.

The Asia unit of the Financial Stability Board (FSB) convened in Hong Kong this week, co-chaired by Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, and P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka.

Ratan Naval Tata died at a Mumbai hospital on October 9 at the age of 86 years.

Finance Minister Nirmala Sitharaman will embark on an official visit to Mexico and the USA to participate in the G20 Finance Ministers and Central Bank Governor (FMCBG) and fund bank annual meeting.

Speaking about the eRupee CBDC, RBI Governer Shaktikanta Das emphasised that it plays a key role in India's "world-class digital public infrastructure" (DPI), which has enabled the creation of various digital financial products. He highlighted that developing protocols like the eRupee is essential for enabling real-time, cost-effective cross-border...

SWIFT will trial live transactions of tokenised assets and digital currencies next year. Banks and asset managers hope that by using digital units - usually blockchain-based tokens that represent a share of the underlying asset - trading can be quicker, cheaper and more efficient, including by cutting out middlemen involved in many transactions.

The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...

Republican presidential candidate Donald Trump suggested the Federal Reserve was playing politics on Wednesday, after the US central bank announced a long-awaited interest rate cut of half a percentage point.

The research by the US-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them. That is up from 36 a year ago and is part of a global push by authorities to respond to declining cash usage and th...

China and Maldives have signed a new agreement today that allows Beijing to lend more financial support to the already debt-distressed nation. China's central bank has said the pact will also help strengthen trade and investment.

India's central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if Republican candidate Donald Trump wins next week's US presidential election, sources said.

The Nepal Rastra Bank, the central bank of Nepal, has awarded to a Chinese company the contract to print new 100-rupee notes featuring the revised political map of the country.

India's Jio Payment Solutions, a wholly-owned subsidiary of billionaire Mukesh Ambani-led Reliance Group firm Jio Financial Services, has received the central bank's approval to operate as an online payment aggregator, Jio Financial said on Tuesday.

The Bank of International Settlements (BIS) and the Financial Stability Board (FSB) have published their respective reports on VDAs, addressed to the G20 group. The Finance Ministers and Central Bank Governors of the G20 nations are scheduled to meet on October 23-24. The release of these reports by these financial institutes is well aligned with t...

The Paytm said late on Tuesday it received approval from the country's payments authority to onboard new unified payment interface (UPI) users, providing some relief for financial services firm after a central bank-ordered ban on its banking unit.

Reserve Bank Governor Shaktikanta Das on Friday said that the central bank does not act like a policeman, but it maintains tight vigil on financial market and takes regulatory action whenever necessary.

The Asia unit of the Financial Stability Board (FSB) convened in Hong Kong this week, co-chaired by Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, and P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka.

Ratan Naval Tata died at a Mumbai hospital on October 9 at the age of 86 years.

Finance Minister Nirmala Sitharaman will embark on an official visit to Mexico and the USA to participate in the G20 Finance Ministers and Central Bank Governor (FMCBG) and fund bank annual meeting.

Speaking about the eRupee CBDC, RBI Governer Shaktikanta Das emphasised that it plays a key role in India's "world-class digital public infrastructure" (DPI), which has enabled the creation of various digital financial products. He highlighted that developing protocols like the eRupee is essential for enabling real-time, cost-effective cross-border...

SWIFT will trial live transactions of tokenised assets and digital currencies next year. Banks and asset managers hope that by using digital units - usually blockchain-based tokens that represent a share of the underlying asset - trading can be quicker, cheaper and more efficient, including by cutting out middlemen involved in many transactions.

The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...

Republican presidential candidate Donald Trump suggested the Federal Reserve was playing politics on Wednesday, after the US central bank announced a long-awaited interest rate cut of half a percentage point.

The research by the US-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them. That is up from 36 a year ago and is part of a global push by authorities to respond to declining cash usage and th...

China and Maldives have signed a new agreement today that allows Beijing to lend more financial support to the already debt-distressed nation. China's central bank has said the pact will also help strengthen trade and investment.