Page 6 - Central Bank

No formal notification yet on asset freeze: Afghanistan's central bank

Afghanistan's central bank, Da Afghanistan Bank (DBA), has said it has so far not received any formal notification concerning the freezing of its assets

Sri Lanka's central bank governor Lakshman resigns amid reserves crisis

Sri Lanka did not immediately announce a successor to Lakshman, who took up the post in December 2019. The government said he would step down on Tuesday

RBI says inflation is on track to meet projections for rest of FY22

The RBI is mandated to bring down retail inflation to 4% over the medium term while keeping it within a range of 2-6%, a band it has breached twice this year.

Govt banks continue to have truncated boards, 10 don't even have a chairman

Meeting quorum of board sub-committees becomes difficult sometimes, say bankers

Central Bank of Sri Lanka holds policy rates, says not look at IMF package

Following the rate decision, Governor W D Lakshman expressed confidence that Sri Lanka could avoid seeking a bailout from the International Monetary Fund

Privatisation buzz lifts Indian Overseas Bank, Central Bank stocks by 20%

The stock of the Mumbai-based Central Bank was locked in the upper circuit at Rs 24.30 on the back of an over 2x jump in trading volumes. A combined 88.5 million shares changed hands

RBI rejigs portfolios after T Rabi Sankar's appointment as deputy governor

Sankar succeeded BP Kanungo, who retired on April 2 after getting a one-year extension in his position

Central banks to pour money into major economies despite sharp rebound

The outlook suggests officials still want to guarantee the recovery from last year's coronavirus recession by maintaining ultra-low borrowing costs and asset-buying programs

Indian shares inch up ahead of central bank rate decision

Indian shares inched higher on Wednesday, ahead of a RBI decision that could leave interest rates at record lows, as a surge in coronavirus cases sparked fears about the impact on economic growth

Pakistan PM Imran Khan replaces finance minister as part of govt shake-up

Hammad Azhar, the minister for industries and production, will replace Abdul Hafeez Shaikh

RBI's policy responses to support economy weren't very impactful: Study

At best, the RBI stopped a sharp spike such as the one witnessed after the global financial crisis

RBI deputy governor Rajeshwar Rao to handle regulation department

After Vishwanathan demitted office in March, these departments were allocated to the remaining three deputy governors

RBI fixes Centre's WMA limit for second half of FY21 at Rs 1.25 trn

This is much lower than the quantum earmarked for H1, which was Rs 2 trillion, but way above lasgt years Rs 35,000 cr

Pakistan registers surplus of $424 million in July: Central bank

The State Bank of Pakistan said "this is the fourth monthly surplus since last October"

Communication collapse: Inside Facebook's tussle with Brazil's central bank

Facebook Pay's June launch, years in the planning, was meant to be the pilot for a potential global rollout - but eight days after going live, the Brazil central bank pulled the plug on it

More than just capital: Banks' housekeeping woes set to increase

The solution offered by the central bank is to kick start the capex cycle.

Central Bank to raise upto 1,000 cr in equity via QIP in Q4, FPO next year

FPO to strengthen lender's capital adequacy, size will depend on success of QIP

Who wants a central bank job?

The authority of central bankers is being compromised in interesting ways across the world by elected powers

Central Bank plans to buy Rs 30 billion of retail loans in next 4 months

While cost reduction and recoveries from bad loans was on top of their agenda, the bank also has to grow its loan book for more revenue, says Cenntral Bank MD

Central Bank to raise Rs 1,297 cr

Public sector Central Bank of India will raise Rs 1,297 crore by issuing preference shares to the government. Bank's Capital Raising Committee of the Board of Directors will hold a meeting on July 25 to "consider and approve raising of additional equity capital up to Rs 1,297 crore by issuance and allotment of equity shares to Government on preferential basis," the bank said in a BSE filing. Capital Raising Committee of the Board of Directors may also decide to hold an Extra-Ordinary General Meeting of shareholder on 18 August to consider and pass the necessary Special Resolution, it added. For current fiscal's capital infusion commitment of Rs 25,000 crore in public sector banks, government released Rs 22,915 crore yesterday for 13 PSU banks including SBI, PNB, Canara Bank, Bank of India and Central Bank of India. The Finance Ministry said 75 per cent of the amount collected for each bank is being released now to provide liquidity support for lending operations as ...