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State-run banks cautious; target modest 11-13% credit growth in FY26

Bankers said credit growth is expected to be sluggish in FY26 owing to weaker demand across unsecured loans, mortgages

State-run banks cautious; target modest 11-13% credit growth in FY26
Updated On : 12 May 2025 | 10:48 PM IST

Norms on forwards likely to boost demand for 10-15-year state bonds

The yield spread between 10-year state bonds and the benchmark 10-year government bond stood at 29 basis points

Norms on forwards likely to boost demand for 10-15-year state bonds
Updated On : 28 Apr 2025 | 11:15 PM IST
Updated On : 09 Apr 2025 | 11:26 PM IST

Indian households' gold stash outweighs reserves with top 10 central banks

Currently, Indian household gold reserves stand at 25,000 tonnes

Indian households' gold stash outweighs reserves with top 10 central banks
Updated On : 28 Mar 2025 | 11:11 PM IST

Central Bank shares slip 5% after launching QIP at floor price of Rs 42.62

The floor price for the QIP was set at ₹42.62 per share which was a discount of 9 per cent from Monday's closing at Rs 46.85 per share on BSE

Central Bank shares slip 5% after launching QIP at floor price of Rs 42.62
Updated On : 25 Mar 2025 | 12:05 PM IST

RBI to set up 'On Tap' cohort on climate change risks: Guv Malhotra

As a central bank, he said the RBI is mindful of its role in addressing and mitigating risks to the financial system from climate change

RBI to set up 'On Tap' cohort on climate change risks: Guv Malhotra
Updated On : 13 Mar 2025 | 7:08 PM IST

Reserve Bank of India's post-Covid gold addition second highest globally

The latest numbers from the RBI show it added roughly 3 tonnes in 2025, taking its gold reserves to 879 tonnes as of January 31, 2025

Reserve Bank of India's post-Covid gold addition second highest globally
Updated On : 07 Mar 2025 | 11:43 PM IST

Citing rising cost, Trump directs US Treasury to stop minting new pennies

President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin. For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful! Trump wrote in a post Sunday night on his Truth Social site. I have instructed my Secretary of the US Treasury to stop producing new pennies. The move by Trump is the latest in what has been a rapid-fire effort by his new administration to enact sweeping change through executive order and proclamation on issues ranging from immigration, to gender and diversity, to the name of the Gulf of Mexico. Trump had not discussed his desire to eliminate the penny during his campaign. But Elon Musk's so-called Department of Government Efficiency raised the prospect in a post on X last month highlighting the penny's cost. The US Mint reported losing $85.3 million in the 2024 fiscal year that ended in September on the nearly 3.2 .

Citing rising cost, Trump directs US Treasury to stop minting new pennies
Updated On : 10 Feb 2025 | 10:49 PM IST

Trump's tax and trade plans heighten risks to economy: Irish central bank

Ireland is especially exposed to President-elect Donald Trump's pledges to slash corporate tax and incentivise industries to bring production back to the US

Trump's tax and trade plans heighten risks to economy: Irish central bank
Updated On : 17 Dec 2024 | 8:52 AM IST

Central banks have the last laugh: Inflation tamed without a recession

The Fed commenced tightening from mid-March 2022, with a 25 basis points (bps) increase in the policy rate. By June 2022, the policy rate in the US had jumped by 150 bps

Central banks have the last laugh: Inflation tamed without a recession
Updated On : 07 Nov 2024 | 11:18 PM IST

Central Bank Q2FY25 results: Net profit rises 51% to Rs 913 crore

Recoveries from written-off accounts, treasury income boost bottom line

Central Bank Q2FY25 results: Net profit rises 51% to Rs 913 crore
Updated On : 17 Oct 2024 | 4:26 PM IST

RBI asks asset reconstruction firms to standardise credit bureau reporting

The Reserve Bank of India has been publicly asking supervised entities to ensure compliance with norms and that consumer interest is protected

RBI asks asset reconstruction firms to standardise credit bureau reporting
Updated On : 10 Oct 2024 | 8:26 PM IST

Policy evolution: Despite challenges, central banks must keep adapting

Most large central banks have been grappling with high inflation rates over the past couple of years after having misjudged the early warning signs

Policy evolution: Despite challenges, central banks must keep adapting
Updated On : 26 Sep 2024 | 10:15 PM IST

Central banks' digital currency momentum growing, shows new study

China too, which is running the world's largest pilot scheme, has seen use of its protype e-CNY nearly quadruple to 7 trillion yuan ($987 billion) of transactions according to officials

Central banks' digital currency momentum growing, shows new study
Updated On : 17 Sep 2024 | 11:43 AM IST

RBI guv Shaktikanta Das ranked as top central banker for 2nd straight year

Reserve Bank of India Governor Shaktikanta Das has been ranked as the top central banker globally for the second consecutive year by US-based Global Finance magazine. "Happy to announce that for the 2nd consecutive year, RBI Governor @DasShaktikanta has been rated 'A+', in the Global Finance Central Banker Report Cards 2024," the RBI said in a post on X. Das has been placed at the top of the list of three central bank governors, who have been rated A+. Grades are based on a scale from A to F for success in inflation control, economic growth goals, currency stability and interest rate management, according to a statement by Global Finance magazine. An 'A' represents excellent performance, while an 'F' for outright failure. Denmark's Christian Kettel Thomsen, India's Shaktikanta Das and Switzerland's Thomas Jordan have been ranked under the 'A+' category of central bankers. "Central bankers have waged war against inflation over the past few years, wielding their primary weapon: hig

RBI guv Shaktikanta Das ranked as top central banker for 2nd straight year
Updated On : 20 Aug 2024 | 10:50 PM IST

RBI to lower rates by 100 bps by March 2026, as inflation eases: BOA

The rate easing cycle in Asia's third-largest economy should begin with a 25-basis-point cut in December, Jain said, mirroring the market view

RBI to lower rates by 100 bps by March 2026, as inflation eases: BOA
Updated On : 06 Aug 2024 | 2:36 PM IST

Yen eases after demands sap, Nikkei jumps amid central bank meetings loom

Speculation has grown that the Bank of Japan will raise interest rates on Wednesday at the same time as significantly reducing its monthly bond purchases

Yen eases after demands sap, Nikkei jumps amid central bank meetings loom
Updated On : 29 Jul 2024 | 9:06 AM IST

Forex reserves rise by $810 mn to $653.7 bn as on June 21: RBI data

The Reserve Bank of India (RBI) intervenes in the foreign exchange market to curb excess volatility in the rupee

Forex reserves rise by $810 mn to $653.7 bn as on June 21: RBI data
Updated On : 29 Jun 2024 | 12:44 AM IST

Bank of England to keep rates at 16-year high of 5.25% before UK election

Last month the central bank forecast inflation would rise to around 2.6 per cent by the end of the year

Bank of England to keep rates at 16-year high of 5.25% before UK election
Updated On : 20 Jun 2024 | 8:24 AM IST

More central banks to add to their gold reserves within 12 months: Survey

Demand for gold from central banks has been elevated in the last two years as some countries diversify their foreign currency reserves

More central banks to add to their gold reserves within 12 months: Survey
Updated On : 18 Jun 2024 | 12:49 PM IST