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RBI, NIPL Working to Expand UPI to 20 Countries by 2028-29: RBI Annual Report
RBI (Reserve Bank of India) and NPCI International Payments Ltd (NIPL) are working on expanding UPI to 20 countries by 2028 or 2029, according to RBI's annual report. The central bank is in talks with central banks of various countries for entering into collaborative arrangements according to the Payments Vision Document 2025.
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8% Economic Contraction Predicted For Crisis Hit Sri Lanka, Says Governor
Sri Lanka's economic meltdown will result in a record contraction of at least eight percent this year but the public could soon expect some relief from runaway inflation, the head of the country's central bank said Thursday.
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Sri Lanka’s Central Bank Warns Against Crypto Purchases Amid Chaotic Government Collapse
The Central Bank of Sri Lanka (CBSL) has issued warnings to people against buying crypto assets in light of the lack of regulatory discipline at the time. Along with the governmental crisis and national economy crash, the ongoing slump in the global crypto industry is also a matter of concern for the CBSL.
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How Rising Interest Rates Impact Global Economy? Read On To Know More, Here
Inflation has reached its highest levels in over 40 years in the US and Europe, which has forced central banks there to hike interest rates
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Sri Lanka's Fuel, Gas Shortages Set To Ease, Central Bank Governor Says
Sri Lanka's central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, as the prime minister said supplies had been locked in for at least a month.
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"Sri Lanka To Take At Least 6 Months To Repay Its Debts": Central Bank
Sri Lanka will take at least six more months to start repaying its debts, the central bank said Thursday as the government shut schools because of fuel shortages.
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Sri Lanka Central Bank Holds Rates; Urges Fiscal, Political Stability
Sri Lanka's central bank held its key interest rates steady on Thursday and reiterated the need for more fiscal measures and political stability.
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Lanka Economy Will Collapse If No Government Within 2 Days: Central Bank
Sri Lanka's economy will "collapse beyond redemption" unless a new government is appointed within two days to restore political stability, Central Bank of Sri Lanka Governor Nandalal Weerasinghe said Wednesday.
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Sri Lanka Can Overcome Crisis If Central Bank Independent, Says New Governor
Exuding confidence in overcoming the unprecedented economic crisis, the new Governor of the Central Bank of Sri Lanka said that one of the ways to overcome the current crisis situation is to allow the Central Bank to function independently.
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Sri Lanka Central Bank Hikes Interest Rates By 7% To Tackle Spiraling Inflation
Sri Lanka's central bank has decided to hike interest rates by an unprecedented 700 basis points to tame high inflation amid the worst economic crisis that has led to protests across the country and put President Gotabaya Rajapaksa under mounting pressure to resign.
-
Crisis-Hit Sri Lanka Hikes Rates As Protests Intensify
Cash-strapped Sri Lanka's central bank hiked interest rates by a record 700 basis points Friday, in a bid to support the tumbling rupee as the country faces a dire economic crisis.
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Ex-Sri Lanka Official Says He Accepts Offer To Be New Central Bank Governor
Former Central Bank of Sri Lanka (CBSL) official P. Nandalal Weerasinghe said on Monday he had accepted an offer from the country's president to become the bank's next governor amid a deepening economic crisis and unrest.
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As Economic Crisis Intensifies, Sri Lanka's Central Bank Governor Resigns
Sri Lanka's Central Bank Governor Ajith Nivard Cabraal, who had resisted calls for an IMF bailout, resigned on Monday amid escalating protests in the island nation over the mounting economic crisis.
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Sri Lanka Central Bank Governor Quits Amid Spiraling Economic Crisis
Sri Lanka's central bank governor, who had resisted mounting calls for the island nation to seek an IMF bailout, announced his resignation Monday as protests escalated over a worsening economic crisis.
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Lockdown At Sri Lanka Central Bank Amid Bomb Scare, Airport Road Shut Too
Sri Lankan security officials ordered a lockdown at the central bank on Thursday due to a bomb scare, two bank officials told Reuters, as the street outside the bank, which is near the World Trade Center, was blocked to traffic.
-
RBI, NIPL Working to Expand UPI to 20 Countries by 2028-29: RBI Annual Report
RBI (Reserve Bank of India) and NPCI International Payments Ltd (NIPL) are working on expanding UPI to 20 countries by 2028 or 2029, according to RBI's annual report. The central bank is in talks with central banks of various countries for entering into collaborative arrangements according to the Payments Vision Document 2025.
-
8% Economic Contraction Predicted For Crisis Hit Sri Lanka, Says Governor
Sri Lanka's economic meltdown will result in a record contraction of at least eight percent this year but the public could soon expect some relief from runaway inflation, the head of the country's central bank said Thursday.
-
Sri Lanka’s Central Bank Warns Against Crypto Purchases Amid Chaotic Government Collapse
The Central Bank of Sri Lanka (CBSL) has issued warnings to people against buying crypto assets in light of the lack of regulatory discipline at the time. Along with the governmental crisis and national economy crash, the ongoing slump in the global crypto industry is also a matter of concern for the CBSL.
-
How Rising Interest Rates Impact Global Economy? Read On To Know More, Here
Inflation has reached its highest levels in over 40 years in the US and Europe, which has forced central banks there to hike interest rates
-
Sri Lanka's Fuel, Gas Shortages Set To Ease, Central Bank Governor Says
Sri Lanka's central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, as the prime minister said supplies had been locked in for at least a month.
-
"Sri Lanka To Take At Least 6 Months To Repay Its Debts": Central Bank
Sri Lanka will take at least six more months to start repaying its debts, the central bank said Thursday as the government shut schools because of fuel shortages.
-
Sri Lanka Central Bank Holds Rates; Urges Fiscal, Political Stability
Sri Lanka's central bank held its key interest rates steady on Thursday and reiterated the need for more fiscal measures and political stability.
-
Lanka Economy Will Collapse If No Government Within 2 Days: Central Bank
Sri Lanka's economy will "collapse beyond redemption" unless a new government is appointed within two days to restore political stability, Central Bank of Sri Lanka Governor Nandalal Weerasinghe said Wednesday.
-
Sri Lanka Can Overcome Crisis If Central Bank Independent, Says New Governor
Exuding confidence in overcoming the unprecedented economic crisis, the new Governor of the Central Bank of Sri Lanka said that one of the ways to overcome the current crisis situation is to allow the Central Bank to function independently.
-
Sri Lanka Central Bank Hikes Interest Rates By 7% To Tackle Spiraling Inflation
Sri Lanka's central bank has decided to hike interest rates by an unprecedented 700 basis points to tame high inflation amid the worst economic crisis that has led to protests across the country and put President Gotabaya Rajapaksa under mounting pressure to resign.
-
Crisis-Hit Sri Lanka Hikes Rates As Protests Intensify
Cash-strapped Sri Lanka's central bank hiked interest rates by a record 700 basis points Friday, in a bid to support the tumbling rupee as the country faces a dire economic crisis.
-
Ex-Sri Lanka Official Says He Accepts Offer To Be New Central Bank Governor
Former Central Bank of Sri Lanka (CBSL) official P. Nandalal Weerasinghe said on Monday he had accepted an offer from the country's president to become the bank's next governor amid a deepening economic crisis and unrest.
-
As Economic Crisis Intensifies, Sri Lanka's Central Bank Governor Resigns
Sri Lanka's Central Bank Governor Ajith Nivard Cabraal, who had resisted calls for an IMF bailout, resigned on Monday amid escalating protests in the island nation over the mounting economic crisis.
-
Sri Lanka Central Bank Governor Quits Amid Spiraling Economic Crisis
Sri Lanka's central bank governor, who had resisted mounting calls for the island nation to seek an IMF bailout, announced his resignation Monday as protests escalated over a worsening economic crisis.
-
Lockdown At Sri Lanka Central Bank Amid Bomb Scare, Airport Road Shut Too
Sri Lankan security officials ordered a lockdown at the central bank on Thursday due to a bomb scare, two bank officials told Reuters, as the street outside the bank, which is near the World Trade Center, was blocked to traffic.
