Central bank

RBI to allow offline payments through cards on pilot basis https://www.livemint.com/industry/banking/rbi-to-allow-offline-payments-through-cards-on-pilot-basis-11596710276117.html

Central banks are often considered the linchpins of modern financial systems, wielding a profound influence over economies and markets worldwide. Their role, while multifaceted, is fundamentally centered on the regulation of monetary policy, ensuring financial stability, and acting as lenders of last resort. To understand the true extent of their impact, we must delve into…

India on Friday tweaked its laws to help tackle a record $150 billion in troubled bank debts, giving its central bank greater power to identify and enforce resol

Things that would have been easily fixed a decade ago, or even five years ago, will soon be unsolvable by conventional means. And central bankers are the ones to blame.

With so many central banks failing to hit their inflation targets, some are considering changes to the tool kits they use to steer their economies.

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Average inflation in FY18 is likely to remain benign and much below 4%, even though near-term inflation outlook is likely to see a vegetable-induced spike.

Its been 88 years since India’s central bank, the Reserve Bank of India (RBI) was set up. On April 1, 1935, RBI was founded on the basis of the recommendations of the 1926 Royal Commission on Indian Currency and Finance, also known as the Hilton Young Commission.

Central Bank of India will start loan campaign ‘Double Delight’ on Friday which is aimed to provide loan to Micro Small and Medium Enterprises (MSMEs)