The article focuses on a debate between National Bank of Austria president Claus Raidl and Herbert Stepic, former chief executive of Raiffeisen Bank International (RBI), on the growth prospects of central and eastern Europe in 2013. Raidl projects that the Russian economy will grow by 3.6%, ...
Central banks of Serbia, China sign MoU to facilitate yuan transactions trade financial services investment PBOC National Bank of Serbia time: 2023-12-13 07:20:22 views: 35812 Shanghai adds new rules for international financial arbitration, and sports development ...
Two of the four deputy governors in the central bank are selected usually from the bank’s executive directors’ role. One of them is selected from public sector banks, while the other is usually an economist. Indian Administrative Services (IAS) officers can also be appointed as Deputy Governo...
The Reserve Bank of India (RBI) hasimposedsignificant restrictions on Paytm Payments Bank (PPBL), effective from February 29. This includes a halt on new deposits, top-ups in customer accounts, and the usage of prepaid instruments, wallets, and FASTags. Concerns Raised by RBI The central ba...
“No such information in this regard is available with the Reserve Bank of India (RBI),” the central bank responded. The central bank has beenscepticalandvocally againstprivate cryptocurrencies like Bitcoin and Ethereum because of the lack of ability of the central bank to track or control suc...
(FACE) as a Self-Regulatory Organisation in the FinTech sector (SRO-FT). Only FACE’s application for recognition was approved out of the three submitted to the central bank. Among the two others, one application was returned and asked to resubmit after meeting certain requirements, while the...
In my view, the two banks shall re-arrange the credit facilities between them, the borrower shall have to open a CC/OD account with HDFC Bank and Central Bank shall transfer its account balance periodically to HDFC Bank. There may be another problem like this: Example 3: In respect of ...
It comes as major central banks have started to ease monetary policy in recent months, including the European Central Bank, the Bank of England and the Swiss National Bank. Laborers work at a coastal road project construction site in Mumbai on January 12, 2022. ...
The RBI is India's central bank. Every nation has a central bank, also referred to as the governor of commercial banks or the bank of banks. It serves as the focal point of that nation's banking system. The RBI oversees India's banking regulations and monetary system as its central ...
The RBI was originally set up as a private entity, but it was nationalized in 1949. The reserve bank is governed by a central board of directors appointed by the national government. The government has always appointed the RBI’s directors, and this has been the case since the bank became...