Tag: RBI

Jaspal Sidhu Champions Affordable World-Class Education Through Innovation and Purpose

Asia
SINGAPORE: In a world where quality education is often associated with high tuition fees, education innovator Jaspal Sidhu is challenging one of the sector's most deeply rooted assumptions: that world-class learning must come at a premium....

The Queen or the Swarm: Why AI’s Future Depends on Who Gets to Learn

Education
Artificial intelligence is often described as the next industrial revolution. Yet history suggests that civilization has rarely been transformed by technology alone. Instead, the greatest leaps have come from innovations that enabled people to trust and...

RBI Imposes Monetary Penalty on Four Banks for Non-Compliance with Regulations

Asia
INDIA: The Reserve Bank of India (RBI) has imposed monetary penalties on four cooperative banks across the country for non-compliance with its different regulations,...

India’s Central Bank RBI Withdraws Rs. 2,000 Currency Note

Asia
INDIA. Mumbai: The Reserve Bank of India (RBI) on Friday announced that it has decided to withdraw the Rs 2,000 denomination banknotes from circulation, and...

Forex Reserves Have Fallen over $80 Billion Since Ukraine Crisis

Economy
INDIA: India's foreign exchange reserves have plummeted by more than $80 billion since the Ukraine crisis, falling by more than $2 billion in the...

RBI Cancels the Licence of Pune-based Rupee Co-operative Bank

Asia
INDIA. Mumbai: The Reserve Bank of India (RBI) has cancelled the licence of the Rupee Co-operative Bank Ltd, Pune, Maharashtra and has directed it to...

RBI Issues Guidelines on Digital Lenders, Tightens Security

INDIA: The Reserve Bank of India on Wednesday issued detailed guidelines to digital lenders in response to the growing number of frauds and illegal...

RBI Increases Repo Rate by 50 Basis Points to 5.40 Percent

Asia
INDIA. New Delhi: The repo rate was increased by 50 basis points (bps) to 5.40 per cent with immediate effect by the Reserve Bank of...

“RBI Is Of The view That cryptocurrencies should be prohibited, But We Need International Collaboration on It,” Nirmala Sitharaman

INDIA: Addressing the concerns related to cryptocurrency in the Lok Sabha today, the Finance Minister, Nirmala Sitharaman said that RBI has recommended framing of...

Loans Likely to Become Dearer Following Hike in Repo Rate by RBI

Asia
INDIA. Mumbai: The Reserve Bank India (RBI) increased the repo rate by 50 basis points (bps) to 4.90% while announcing its third monetary policy, noting...

RBI Monetary Policy: Repo & Reverse Repo Rates Remain Unchanged

Asia
INDIA: The RBI's Monetary Policy Committee (MPC) met on Thursday, February 10, and left the repo rate unchanged at 4% for the tenth time...

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