Latest News for: Banking stability

Edit

RBI to adopt graded approach to introduce digital currency

Beijing News 28 May 2022
The Reserve Bank of India (RBI) on Friday said that it is proposing to adopt a graded approach to the introduction of Central Bank Digital Currency (CBDC) in conformity with the objectives of monetary policy, financial stability and efficient operations of currency and payment systems.
Edit

Bank of America awards $325K in grants to area nonprofits

Nashville Pride 28 May 2022
Bank of America announced more than $325,000 in grant funding for 13 Nashville nonprofits ... That’s why Bank of America said it is focused on building pathways to employment by supporting a range of workforce development and educational opportunities that help vulnerable individuals and families stabilize and advance.
Edit

RBI to adopt graded approach to introduction of digital currency

Beijing News 28 May 2022
The Reserve Bank of India (RBI) proposes to adopt a graded approach for the introduction of digital currency in the country, according to the RBI's annual report for FY 2021-22. The Reserve Bank is engaged in the introduction of a central bank digital currency (CBDC) in India.
Edit

India proposes a graded approach for its CBDC: RBI report

Cryptopolitan 28 May 2022
On Friday, the Reserve Bank of India (RBI) announced that it was considering a graded approach to the rollout of central bank digital currency (CBDC), the much-anticipated alternative to cryptocurrency announced by the Union finance minister Nirmala Sitharaman while presenting the Budget 2022-23.
Edit

President charges AfDB governors to help drive continental growth, devt

Business Ghana 28 May 2022
... to support the bank to drive the growth and development on the continent ... President Akufo-Addo stressed the need for the bank to help make the African economy resilient, adding that stability in the world would not be enhanced if hundreds of millions of Africans lived in poverty.
Edit

China to further open bond market for foreign institutional investors

ECNS 28 May 2022
The country aims to increase the diversity of investors, while improving the liquidity and stability of its bond market, according to a statement jointly issued by the central bank and top securities and foreign exchange regulators ... The central bank and the ...
Edit

This Week in Coins: 'Ethereum Killers' Lose Big and More Unbanked Americans are Turning to Crypto

Decrypt 28 May 2022
Approximately 13% of Americans who used crypto last year didn't have a bank account, compared with 6% of Americans who neither have a bank account nor use crypto ... On Tuesday, the European Central Bank published a report titled "Decrypting financial stability risks in crypto-asset markets" as part of a biannual review.
Edit

For China, the Price of Zero Covid Is Zero Economic Growth

New York Observer 28 May 2022
On May 25, China’s Premier Li Keqiang, the second most powerful leader after President Xi Jinping, held a rare emergency meeting with about 100,000 Chinese Communist Party officials from local governments, banks and state-owned companies, calling on them to make an effort to stabilize the shaky economy.
Edit

Rbi To Adopt 'graded Approach' To Introduce Digital Currency | Mint

Live Mint 27 May 2022
The Reserve Bank of India (RBI) said that it is proposing to adopt a graded approach towards the launch of central bank digital currency (CBDC) in the country to ensure conformity objectives of monetary policy, financial stability and efficient operations of currency and payment systems.
Edit

RBI rolls out digital-heavy agenda for 2022-23

Financial Express 27 May 2022
The Reserve Bank of India’s agenda for 2022-23 is digital-heavy. The central bank announce lending norms for digital platforms, roll out a central bank digital currency, facilitate setting up of 75 digital banks and implement a geo-tagging framework ... The central bank will include the feedback in the paper on climate change risk.
Edit

PDIC issues guidelines to streamline bank MCA applications

Journal Online 27 May 2022
This project refers to the harmonization of requirements and synchronization of timelines in the processing of proposals for MCA of banks ... The PDIC remains steadfast in promoting the strengthening of the country’s banking system in support of its public policy objectives of depositor protection and financial stability.
Edit

GKI CEO on Govt’s Windfall Taxes: ‘No Such Thing as Extra Profit’

Hungary Today 27 May 2022
Meanwhile, the CEO of Gránit Bank says no one expected the special tax announced by Viktor Orbán, and although she is not happy about the new bank tax, if it stabilizes the economy, it is probably good for everyone ... Hegedűs also said that We are not happy about the new bank tax, but if it stabilizes the economy, it is good for everyone.
Edit

Economist David Dodge Says Gold Is an ‘Antique Instrument,’ Thinks Digitizing the Canadian Dollar Is Interesting

Bitcoin 27 May 2022
Despite saying gold is an outdated financial tool, Dodge said that the leading crypto asset bitcoin (BTC) has no place in the Bank of Canada’s reserves ... The Bank of Canada ‘Holding This Antique Instrument of Stability Called Gold Really Didn’t Make Any Sense’.
Edit

RBI’s red flag for NBFCs: Shadow banks face tighter supervision

Financial Express 27 May 2022
The Reserve Bank of India (RBI) intends to tighten the supervisory architecture for non-banking financial companies (NBFCs) in view of the systemic risks emerging from their size and interconnectedness ... threat to financial stability,” the RBI said in its annual report for FY22.
Edit

US Federal Reserve Vice Chair sees need for a digital dollar

Cryptoslate 27 May 2022
central bank digital currency (CBDC) could help maintain the financial system stability and prepare the country for the future ... “consider how to preserve ready public access to safe central bank money” for the future digital financial system ... central bank digital dollar could affect the use of the dollar in global payments.”.

Most Viewed

×