Page 5 - Central Banks

With crypto in retreat, central banks take a quantum leap to cryptography

What will thrive even after this year's meltdown, however, is cryptographic money.

'Risk of recession' increased, expect to raise rates more: ECB's Lagarde

Lagarde said that the "risk of a recession" has increased, but that a downturn on its own won't be sufficient to tame soaring prices

COP27 summit 2022: Informal draft has little new for poor nations

Sticks to coal phase-down, seeks 'phase out and rationalisation' of fossil fuel subsidies

First G20 meeting under India's presidency in Dec; FM talks in Feb

The Finance Track of the powerful G-20 grouping is older than the Sherpa Track, since G-20 was formed with the intention of governance of the global economy

Following Federal Reserve goes out of fashion in 'messier' world economy

Bank of England the latest to push back against hawkish bets; Fed seen as most aggressive, driving record gains for dollar

Fintechs shadow banks of current time, are fragile: Douglas W Diamond

Professor at the University of Chicago's Booth School of Business, Diamond received the prize along with Philip Dybvig and former Fed chair Ben Bernanke

RBI has been prudent in its exchange rate management: Deepak Parekh

Currency's depreciation not a reflection of the economy, says HDFC Ltd chairman

Who are the mystery buyers responsible for central bank gold boom?

Almost 400 tons were scooped up by central banks in the third quarter, more than quadruple the amount a year earlier, according to the World Gold Council

RBI fines Vakrangee Rs 1.76 cr for violating order on ATM deployment goals

Central bank had first issued show-cause; latest action follows company's response to the notice

Infibeam Avenues gets RBI in-principle nod for payment aggregator licence

The RBI allowed another window to PAs existing as of March 2020 to apply to the central bank for a license

Sensex snaps seven-day winning run, falls 288 pts; Nifty50 ends at 17,656

Profit-booking comes to play, investors dump FMCG, pvt banking stocks

Gold ETF flows shrink despite superior returns, shows Amfi data

Between October 2021 and September 2022, gold prices rose over 9.5 per cent even as ETF inflows shrunk to a half

RBI intervenes to claw rupee back from fresh intraday low vs dollar

Central bank may have sold around $1 billion in Fx market on Thursday

Axis Bank hikes MCLR by 25 bps, joining other lenders in policy action

Central bank's MPC has cumulatively increased the repo rate by 190 bps since May

Risk-reward not favourable in near to mid term: Nomura India's Mukherjee

He says that the market valuation premium over emerging market (EM) peers is around 70% versus the long-term average of nearly 40%

Use dollar-denominated forex reserves wisely, IMF urges emerging economies

Asks these economies to reinstate swap lines with advanced economy central banks

India briefs G20 FMs, central bank governors on its 2023 presidency agenda

India on Thursday briefed the finance ministers and central bank governors of G-20 countries about its agenda for the next year when it assumes the rotating annual presidency of the grouping. India will take over the G20 Presidency in 2023, including the finance track. The ministers and governors have been briefed about the proposed main priority agendas from the 2023 India Presidency, Indonesian Finance Minister Sri Mulyani Indrawati told reporters during a press conference held here on the sidelines of the annual meetings of the International Monetary Fund and the World Bank. Indonesia currently holds the presidency of G-20 countries. On Thursday Indrawati chaired meetings of finance ministers and central bank governors of G-20 countries, which among others was attended by Union Finance Minister Nirmala Sitharaman and Reserve Bank of India Governor Shaktikanta Das. It is during this meeting and the breakfast meeting hosted by Sitharaman earlier in the day for the finance minister

TCS launches solution to help central banks in use of digital currencies

As major central banks work towards roll-outs of digital currencies, India's largest software exporter TCS on Tuesday announced a solution which will aid in their roll-outs and usage. The Tata Group company has enhanced its blockchain solutions platform Quartz to enable central and commercial banks to support the entire lifecycle of Central Bank Digital Currency (CBDC) issuance, book-keeping and transactions. The company's president for banking, financial services and insurance products and platforms, Vivekanand Ramgopal told PTI that having the capability was fundamental to TCS, which counts on the BFSI (Banking, Financial Services and Insurance) segment as its largest business vertical. Without giving a size of the opportunity, Ramgopal said having the CBDC solution is "incredibly important" strategically and added that it is already working with multiple stakeholders in the system. The company feels a wholesale CBDC has clear advantages over the retail one and may be the first o

The challenge of monetary tightening

Soaring inflation has spurred the European Central Bank and the Bank of England to do the same, though many economists still accuse all three monetary authorities of being behind the curve

Best of BS Opinion: Beyond a phrase, India's national priorities, and more

Here is the best of Business Standard's opinion pieces for today