by AIP Online Bureau | May 31, 2024 | Eco/Invest/Demography, Indian News, Policy, Risk Management
The central bank held 822.10 tonnes of gold as part of its foreign exchange reserves as of March 31, 2024, an increase from the 794.63 tonnes held at the same time last year, according to the annual data released by the RBI New Delhi: The Reserve Bank of India (RBI)...
by AIP Online Bureau | May 31, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology
“Fraudsters are getting sophisticated by the day, while financial institutions and fintechs, jostling for market share and growth, have loosened controls.” Mumbai: Digital payment frauds in India saw a more than fivefold jump to Rs 14.57 billion ($175...
by AIP Online Bureau | May 23, 2024 | Eco/Invest/Demography, Indian News, Policy
“The additional dividends from the RBI are around 0.35 per cent of GDP. Whether it would support the narrowing of the fiscal deficit in fiscal 2024-25 would really depend on the final budget that would be passed after the June election results,” said...
by AIP Online Bureau | May 19, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Regulation, Risk Management, Technology
”The potential impact of a successful cyberattack on a bank’s operations, reputation, and financial stability cannot be overstated, underscoring the critical importance of robust cybersecurity measures and proactive risk mitigation strategies,” RBI...
by AIP Online Bureau | May 16, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology, Wealth Management/ Philanthropy
Sebi said it could monitor cryptocurrencies that take the form of securities as well as new offerings called Initial Coin Offerings (ICO). It could also issue licenses for equity market-related products, said the person aware of the panel’s discussions Mumbai:...
