Reserve Bank of India (RBI)
Microfinance still key to inclusion despite flaws – RBI deputy
Excessive debt and “coercive recovery practices” demand reform, says Rajeshwar Rao
RBI steps up work on climate change
Sustainable Finance Group will “spearhead” climate-related supervision and regulation
MAS and RBI to link up payment systems
New linkage will allow for automation of capital controls, say authorities
People: Riksbank deputy’s term extended until 2027
Bank of Ghana gets new non-executive board members; RBI appoints new executive director; and more
Majority of central banks use corridors to set market rates
A handful use floors due to unconventional policy, and some use other methods
RBI launches financial inclusion index
Metric based on 97 indicators designed to assess access, usage and quality of financial services
RBI promises policy support ‘as long as necessary’ despite inflation surge
Inflation breaches tolerance band but governor says economy now “in a much better position”
Central banks split on non-bank access to RTGS systems
Benefits of innovation must be weighed against risks of financial instability
RBI could launch CBDC pilots in ‘near future’ – deputy governor
Central bank is still researching underlying technology and design features, says T Rabi Sankar
RBI bans Mastercard from taking on new customers
Indian central bank sanctions card issuer over failure to store all payments data locally
RBI fines banks for violations in non-bank lending
Central bank alleges “deficiencies in regulatory compliance” but gives few details
RBI scales back predictions of rise in stressed assets
Indian central bank says policy support has helped curb rise in non-performing assets
The RBI’s next big question: how to normalise monetary policy?
India’s central bank needs to plan an exit from its efforts to manage the ‘impossible trinity’
People: MAS’s Menon reappointed until 2023
Norges Bank appoints deputy to supervise SWF; Bahrain’s leader makes son deputy governor; RBI deputy reappointed
Central bank profits under pressure
The structure of a central bank’s portfolio and its relationship with shareholders can affect shock-absorbing capital and the amount of profit distributed
RBI doubles size of quantitative easing programme
Central bank readies additional 1.2 trillion rupee purchase programme as virus “dents” demand
RBI faces dilemma from US policy spillovers – BIS paper
Authors highlight evidence of “contractionary devaluation” when US monetary policy tightens
RBI pays out second-largest dividend
Indian central bank orders $13.6 billion payment to government
RBI set to launch second round of asset purchases
Indian central bank seeks to curb borrowing costs amid severe Covid-19 outbreak
People: US set to name OCC chief; IMF’s Werner to retire
New deputy governor appointed in India; former Ecuadorian general manager dies; and more
RBI steps in with liquidity amid worsening Covid outbreak
Central bank “stands in battle readiness”, governor says, as virus death toll climbs
Central banks remained net gold buyers in Q1
Rate of gold buying down on first quarter of 2020, as Hungary leads purchases
People: deputies appointed in China and El Salvador
New MPC member in Turkey; former RBI governor dies; and more
RBI to give some non-banks access to payments systems
Indian central bank to allow non-bank payment service providers to use payments architecture