Bharat Express

RBI

In Asian markets, Singapore, Tokyo, Malaysia, Indonesia, and Taiwan concluded higher, while South Korea, Thailand, Shanghai, and Hong Kong closed lower

The Reserve Bank of India (RBI) has approved a historic transfer of Rs 2,10,874 crore as surplus to the Central government for the accounting year 2023-24.

The International Monetary Fund (IMF) has revised India's GDP growth forecast upwards by nearly 2 percentage points for the fiscal year 2023-24.

Latest data released by the Reserve Bank of India (RBI) shows that India's foreign currency assets (FCA), the biggest component of the forex reserves, rose by USD 1.488 billion to USD 565.648 billion.

This conference is part of a series of supervisory engagements the RBI has been conducting over the past year with its regulated entities, including previous meetings with the boards of Scheduled Commercial Banks and Urban Co-operative Banks.

The central bank highlights that the bank has been found lacking in its IT Risk and Information Security Governance for two consecutive years.

In October 2023, Reserve Bank of India (RBI) Halts Bank of Baroda's 'BoB World' Mobile App New Customer Registrations

Asian markets were down, with Japan’s Nikkei 225 shedding 1.96 percent, South Korea’s Kospi lost 1.01 percent, and Hong Kong’s Hang Seng down 0.01 percent

RBI Governor remarked that the future appears promising for agriculture and rural activities. He emphasized that the strengthening of rural demand and improvements in employment conditions are anticipated to stimulate private consumption.

Asian markets were trading down, with Japan's Nikkei 225 shedding 2.42 percent, South Korea's Kospi lost 0.89 percent, and Hong Kong's Hang Seng down 0.69 percent