Bestselling personal finance book, Rich Dad Poor Dad author Robert Kiyosaki on Monday issued a warning about an imminent global financial crisis, sounding an alarm on how the economy functions. In a post on X, Kiyosaki gave the example of the collapse of hedge fund LTCM and how the Wall Street bailed it out in…
It may just be a coincidence that the Reserve Bank of India (RBI) announced the rate-cut decision of its Monetary Policy Committee (MPC) on 9 April, the day that the US imposed âreciprocal tariffsâ: i.e., additional ad-valorem import duties at higher-than-baseline rates aimed at a group of targeted countries, including India. Yet, this global backdrop…
The government is looking to sell stakes in Indian Overseas Bank, Bank of Maharashtra, Central Bank of India, Punjab & Sind Bank, and UCO Bank to comply with the Securities and Exchange Board of Indiaâs rule mandating a minimum 25% public shareholding for all listed companies. Qualified institutional placements enable publicly traded companies to raise…
India’s central bank, the Reserve Bank of India (RBI), has been selected for the Central Banking’s Digital Transformation Award 2025 in London, United Kingdom, on Friday, March 14, as per a social media post on platform X. âThe Reserve Bank of India has been selected for the Digital Transformation Award 2025 by Central Banking, London,…
Shaktikanta Das, who recently retired as Reserve Bank of India (RBI) governor, was appointed as a principal secretary to the Prime Minister, making him the second most important government bureaucrat in the country. Just as retired judges taking up political appointments is perceived as undermining judicial independence, post-retirement appointments of central bank governors could evoke…
Ah, the sweet irony of great expectations. A digital currency born out of rebellionâcreated by an anonymous entity right after the 2008 financial crisis that America gifted the worldâis now being paraded around by the very institutions it was designed to overthrow. Bitcoin was meant to challenge financial systems under sovereign control. By offering an…
The central bank has restored the risk weights on bank loans to NBFCs to the levels before they were hiked in November 2023. The RBI then raised risk weights on banksâ exposure to NBFCs by 25 percentage points, over and above the risk weight associated with the given external rating. The revised risk weights will…
The Reserve Bank of India’s monetary policy committee (MPC) on Friday cut the key policy interest rate by 25 basis points to 6.25% to support growth. At a post-policy press conference, new RBI governor Sanjay Malhotra spoke on a range of issues such as implementation of the proposed guidelines on liquidity coverage ratio (LCR), working…
As is usually the case, Indiaâs Union budget for 2025-26, to be announced on 1 February, is expected to attract a lot of attention from different stakeholders in the economy, particularly with its growth momentum having sprung a significant downside surprise in 2024-25. Has the ongoing cyclical slowdown put the Centreâs fiscal consolidation agenda at…
(Bloomberg Opinion) — While the Sunak government has not hesitated in claiming credit for the return of the UK inflation rate to 2% after three years of exceeding that target, the Bank of England has proven notably reserved despite the country now having fewer price pressures than France, Germany and the US. Part of this…
