Latest News for: Banking stability

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Banks to undergo corrective measures by September

Business Ghana 01 Jun 2023
The analysis of the IMF shows that Ghana's banking sector faced challenges related to capital adequacy and overall stability ... Rebuilding capital buffers refers to the process of strengthening the banks' capital positions to ensure that they have sufficient reserves to absorb potential losses and maintain their financial stability.
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G20 Launches Inquiry into SVB and Credit Suisse amidst Global Banking Crisis

Finance Magnates 01 Jun 2023
The Financial Stability Board primarily aims to investigate whether SVB and CS complied with prevailing banking regulations and how they calculated their liquidity buffers ... As the representative of the Financial Stability Board and the Dutch central bank’s head, Knot maintains ...
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Eurozone financial stability outlook remains fragile: ECB

People Daily 01 Jun 2023
FRANKFURT, May 31 (Xinhua) -- The combination of more restrictive monetary policy and sticky inflation will continue to weigh on financial stability in the zone, the European Central Bank (ECB) said in a report published here on Wednesday. The Financial Stability Review, which the ...
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UPI, NEFT to RTGS : How RBI's lightweight payment system will be different from others?

Live Mint 01 Jun 2023
In its annual report for 2023-24, the central bank has unveiled its plans for LPSS.The need for lightweight payment and settlement system (LPSS)The central bank said that this payment system can be operated from anywhere by a bare minimum staff in order to be prepared to face ...
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G20 watchdog to study Silicon Valley Bank, Credit Suisse turmoil

Indian Express 01 Jun 2023
How rules are applied to banks and the calculation of their liquidity buffers should be reviewed following recent turmoil in the banking sector, Klaas Knot, chair of the G20's Financial Stability Board said on Thursday. The fallout from the collapse of Silicon Valley Bank, a U.S.
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ETMarkets Smart Talk: Poonam Tandon like stocks in banking, capital goods, infrastructure, and utilities which offer growth

The Times of India 01 Jun 2023
We believe India is relatively well placed compared to other markets in terms of macro stability. With fears of a global recession, monetary tightening, and the US banking crisis receding, India's strong economic and political stability, along with domestic capex triggers and benign crude prices, contribute to a resilient growth outlook.
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Central Banks Show ‘a Lot More Pessimism’ About US Dollar, Survey Shows

Bitcoin 01 Jun 2023
The latest gold reserves survey by the World Gold Council shows that central banks are less optimistic about the future role of the U.S ... Central BanksConfidence in US Dollar Drops ... While the primary motivation for holding gold remained interest rate concerns this year, central banks are also worried about the stability of the U.S.
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Sri Lanka unexpectedly cuts rate to 14% as inflation cools

Gulf News 01 Jun 2023
The Central Bank of Sri Lanka lowered the standing lending facility rate to 14 per cent from 16.5 per cent, according to a statement on its website on Thursday ... Inflation is now projected to “decelerate notably in the period ahead, reaching single digit levels” in the early third quarter, the central bank said.
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Here's why Sudip Bandyopadhyay is bullish on Federal Bank

The Times of India 01 Jun 2023
Their CASA mobilisation has been fabulous which has led to I think the lowest cost of fund about 3.44% amongst the public sector banks," says Sudip Bandyopadhyay, Inditrade Capital. Let us talk about some of the midcap banks on radar, the first pick which you have is Bank of Maharashtra from the PSU ... I think the bank is on the right track.
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Sri Lanka cuts rate first time in 3 years as inflation cools

Financial Express 01 Jun 2023
The Central Bank of Sri Lanka lowered the standing lending facility rate to 14% from 16.5%, according to a statement on its website on Thursday ... The Central Bank of Sri Lanka lowered the standing lending facility rate to 14% from 16.5%, according to a statement on its website on Thursday.
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Money Fund: Iraq’s growth momentum slows due to oil and currency

The Eastern Herald 01 Jun 2023
“With signs of stabilization in the foreign exchange market, in light of measures taken by the Central Bank of Iraq, real non-oil GDP is expected to resume growth, reaching 3.7% in 2023,” according to the statement from the Monetary Fund.
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UPSC Essentials: Daily subject-wise quiz \u2014 Economy (Week 8)

Indian Express 01 Jun 2023
Which of the statement(s) given above is\/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 QUESTION 2 Which of the following pairs is not correctly matched? (a) Global Financial Stability Report . World Bank (b) Global Information Technology Report ... These deposits are accepted only by the scheduled commercial banks.
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When AI meets blockchain; revolutionising smart contracts and digital payments

Financial Express 01 Jun 2023
Follow Us ... XDC Network to collaborate with SBI subsidiary ... Indian banks support mass adoption of AI and blockchain ... Governance in Banks. Driving Sustainable Growth and StabilitySpeech delivered by Shri M K Jain, Deputy Governor, Reserve Bank of India at the Conference of Directors of Banks organised by the RBIhttps.//t.co/Ft4Kv68X0T ... .
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When AI meet blockchain; revolutionising smart contracts and digital payments

Financial Express 01 Jun 2023
Follow Us ... Indian banks support mass adoption of AI and blockchain ... Also ReadEXPLAINER ... Governance in Banks. Driving Sustainable Growth and StabilitySpeech delivered by Shri M K Jain, Deputy Governor, Reserve Bank of India at the Conference of Directors of Banks organised by the RBIhttps.//t.co/Ft4Kv68X0T ... .
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Who will guard the RBI?According to RBI Governor Shaktikanta Das, a well-structured and composed board ...

Deccan Herald 01 Jun 2023
On May 29, the Reserve Bank of India (RBI) organised its maiden Conference of Directors of Banks for both public sector banks and private sector banks. RBI Governor Shaktikanta Das delivered a speech in the conference, titled ‘Governance in Banks. Driving Sustainable Growth and Stability... RBI Guv says gaps noticed in banks' governance.

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