News from Reserve Bank
Stay current with all the latest and breaking news about Reserve Bank, compare headlines and perspectives between news sources on stories happening today. In total, 321 stories have been published about Reserve Bank which Ground News has aggregated in the past 3 months.
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Reserve Bank · DelhiThe Reserve Bank has imposed penalties totalling Rs 60.3 lakh on five co-operative banks for contravention of various regulatory norms. In each case, the RBI said the penalties are based on deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any transaction of agreement entered into by the banks with their respective customers.A penalty of Rs 43.30 lakh has been imposed on Rajkot Nagarik Sahakari Bank for…See the Story
RBI Levys Rs 60.3 Lakh Fine On Five Co-Operative Banks
Reserve Bank · AustraliaAccording to a recent survey, if the Reserve Bank of Australia can cut interest rates as widely predicted by the outside world, and if the big four Australian banks can keep up with the footsteps of the Reserve Bank, then the amount of mortgage loans for an ordinary couple can increase by 63,000 Australian dollars. However, experts warn that this may also have some negative effects.See the Story
If it is predicted that interest rate cuts three times, the couple's ability to borrow will increase by 63,000
Interest Rates · JohannesburgPressure mounting on SARB to drop interest rates Sandile Zikhali Wed, 04/17/2024 - 17:45
JOHANNESBURG - Inflation has dropped to 5.3% in March from 5.6% in February.This is welcome news, as consumers continue to feel the pinch from high fuel and food prices. The main contributors were housing and utilities, goods and services, food and non-alcoholic beverages and transport.READ: Interest rates | Repo rate remains at 8.25%Food inflation dropped …See the Story
Pressure mounting on SARB to drop interest rates
Marijuana · FijiTHE Fiji Chamber of Small and Medium Enterprises has hit out at former Reserve Bank governor Savenaca Narube for his statement on medicinal cannabis in Fiji. In a statement to this newspaper, Chamber president Humphrey Chang said medicinal cannabis could “double, or even triple Fiji’s income per capita” and urged Mr Narube not to come out with “pity issues that are the exact opposite of economic growth”. “The gentleman is best if he were to conc…See the Story
Cannabis tit for tat
Inflation · JohannesburgIMF cuts SA growth forecast Estelle.Bronkhorst Wed, 04/17/2024 - 06:00
JOHANNESBURG - The International Monetary Fund has slashed South Africa's economic growth forecast to below one percent.Projections for next year have also been cut by 0.1 percentage points. The IMF says that in addition to low growth, South Africa will continue to battle inflation and high unemployment.It only sees inflation averaging the Reserve Bank’s target of 4.5…See the Story
