Latest News for: Banking policy

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Top banks score low on climate, human rights

Dawn 05 Dec 2023
None of the banks disclosed human rights policies related to their investment or financing, which is “not aligned” with the UN Guiding Principles on Business and Human Rights ... The five banks demonstrated low policy commitments on tax policies, primarily due to the lack of public disclosure on tax transparency.
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BoG projects sustained rebound in 2024

B & FT Online 05 Dec 2023
The central bank chief attributed this anticipated recovery to the implementation of some policies, specifically pointing out impacts of the Bank’s Domestic Gold Purchase Programme (DGPP) launched in June 2021 ... Addison as a necessary policy choice for the greater good of the ...
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RBI Monetary Policy Meeting: Will the RBI hold interest rates but change its policy stance? Here's what experts say

Live Mint 05 Dec 2023
Mint pollShanti Ekambaram, whole-time director at Kotak Mahindra BankThe Reserve Bank of India is likely to hold the key interest rates in its December monetary policy review and continue with its emphasis on containing inflation, which has shown encouraging trends over the past two months.
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RBI Monetary Policy Committee meeting: Check the date, time, and where to watch here

Live Mint 05 Dec 2023
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) meeting is scheduled to run from December 6 to December 8, 2023 ... The central bank will live stream the RBI Governor's policy statement on RBI's YouTube channel or RBI's official X (formerly Twitter) handle.What can ...
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PBOC may bolster real estate

ECNS 05 Dec 2023
PSL is a monetary policy tool to provide policy banks with low-cost and long-term funding ... The PBOC may provide policy banks with low-cost, long-term funding via PSL so that the latter can use the funding to grant loans to affordable housing and other projects, Lou said.
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BoG introduces additional monetary policy measure to control inflation

Business Ghana 05 Dec 2023
The Monetary Policy Commit­tee (MPC) of the Bank of Ghana (BoG) has intro­duced additional monetary policy measure to mop up excess capital from the market to control inflation ... the banking sector and deploy other policy tools, as and when required, to support stability.
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Budget 2024: Why experts are bullish on PSU bank stocks after assembly election results — explained

Live Mint 05 Dec 2023
In a surprise move, Bank Nifty surged over 1600 points and climbd to a new peak of 46,484 levls during Monday deals. According to stock market experts, investors are seeing these assembly results as cue to continuation of government policies as the poll outcome has put BJP in the driver's seat ahead of Lok Sabha elections expected in May 2024.
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Indian rupee hits all-time low against UAE dirham

Khaleejtimes 05 Dec 2023
Forex traders said investors are awaiting cues from the Reserve Bank of India's monetary policy outcome. The Monetary Policy Committee of the central bank will begin its bi-monthly review meeting on Wednesday and announce the decision on Friday ... The RBI will deliver its monetary policy decision on Friday and is widely expected to hold rates steady.
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More expansionary fiscal policy expected next year

ECNS 05 Dec 2023
Pan Gongsheng, governor of the People's Bank of China, the country's central bank, said the central bank will strengthen coordination with fiscal policy and continuously beef up support for major national strategies, key areas and weak links ... Proactive fiscal policy key to spur demand2023-11-07 ... More active fiscal policy on agenda2023-07-20.
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Rupee falls 4 paise to 83.41 against the US dollar in early trade

Live Mint 05 Dec 2023
The local currency opened at 83.38 a dollar as compared to previous close of 83.37.The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.09% lower at 103.62.Forex traders said investors are awaiting cues from the Reserve Bank of India's monetary policy outcome.
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Zimbabwe's central bank urges incentives on diaspora remittances

Xinhua 05 Dec 2023
4 (Xinhua) -- The Reserve Bank of ... He said that considering the prevailing macroeconomic environment, the MPC also resolved to maintain interest rates at current levels, including the bank policy rate of 130 percent ... Zimbabwe's central bank urges incentives on diaspora remittances.
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Inflation in Japan's capital slows in November

Reuters 05 Dec 2023
The data will be among factors scrutinised by the Bank of Japan (BOJ) when it meets for a two-day policy meeting concluding on Dec ... The BOJ remains a dovish outlier among global peers, having maintained ultra-loose policy even as major central banks elsewhere raised interest rates aggressively to fight rampant inflation.
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1st LD Writethru: Zimbabwe's central bank urges incentives on diaspora remittances

China.dot.org 05 Dec 2023
4 (Xinhua) -- The Reserve Bank of Zimbabwe (RBZ) on Monday called on the Zimbabwean government to ... He said that considering the prevailing macroeconomic environment, the MPC also resolved to maintain interest rates at current levels, including the bank policy rate of 130 percent.
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COP28: Climate finance took a packed centre stage on Day 5

CyprusMail 05 Dec 2023
It will bring together “over 400 banks, insurers, investors, policymakers, civil society organisations and scientists for discussions on decarbonisation, policy engagement, the climate-nature nexus, adaptation and best practices to identify, measure, disclose and manage sustainability risks in the financial sector”.
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Odotobri Rural Bank holds 36th AGM

B & FT Online 05 Dec 2023
He has stressed that the bank will follow stringent cost reduction policies, strengthen internal control measures and develop its human capital to meet demands of functioning profitability, as well as achieving the objective of overcoming shocks from an unfriendly macroeconomy and rising cost of living, as well as their devastating effects.
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