In a shocking revelation that highlights ongoing vulnerabilities within institutional banking channels, the Central Bank of India has officially reported a staggering fraud amounting to Rs 13.97 crore linked directly to its Reserve Bank of India (RBI) settlement account. As retail investors and institutional stakeholders increasingly scrutinize the operational integrity of public sector lenders, t...

Multiple central banks are set to keep interest rates frozen in the coming week while continuing to gauge the impact of trade disruptions instigated by US President Donald Trump.From Washington to London, wary officials in countries that account for two fifths of the global economy may display a collective sense of paralysis as they assess risks to inflation and growth from tariffs and stop-start ...

As expected, the Reserve Bank of India's (RBI) dividend to the central government for 2022-23 is much larger than what the Union Budget for 2023-24 had penciled in.On May 19, the RBI's central board of directors approved the transfer of Rs 87,416 crore as a dividend, nearly Rs 40,000 crore more than the Rs 48,000 crore the government had expected to get. The dividend is nearly three times the Rs 3...

As we transit towards digital economy, it is expected that the international monetary system will go through a transformation through the concept of Central Bank Digital Currency (CBDC). Market analysts believe that CBDCs can pave the way for global financial inclusion. Further it can also support payment mechanisms at the the time of global emergencies.According to the Reserve Bank of India (RBI)...

Global central banks have been on a spree to raise interest rates to tame inflation.An analysis by Emkay Global Financial Services Ltd showed that the Reserve Bank of India (RBI) is closer to its inflation mandate compared with other central banks. The domestic brokerage house points out that inflation measured via the consumer price inflation (CPI) in India is around 100 basis points (bps) ahead ...