The Reserve Bank of India approved paying a higher-than-expected Rs 99,122 crore to the government as a dividend, providing cushion to the state at a time when a crippling second wave of the novel......
The excess reserve transfer was in line with the recommendation of former RBI governor Bimal Jalan-led panel constituted to decide the size of capital reserves that the central bank should hold.......
The Malegam committee on the RBI’s capital adequacy had suggested that the RBI must move away from its methodology to calculate the foreign exchange gains to a weighted average cost-based......
It also recommended that the RBI accounting year (July-June) may be brought in sync with the fiscal year (April to March) from the financial year 2020-21 as it could reduce the need for interim......
Cautious optimism over US-China trade talks after US President Trump said his trade negotiators had received two very good calls from Beijing also influenced the local currency, dealers said.......
Mumbai girl Ahana Shah has won a bronze medal with a score of 4 points out of 5 in the Under-7 category of the 2017 Kenilworth Junior Open Rapid Chess Tournament in the United Kingdom. Ahana, a......