Governor Shaktikanta Das sets broader financial stability as the central bank's immediate policy-making priority
He said that the focus on price stability as the sole objective of monetary policy has been questioned after the global financial crisis, underscoring the need for adopting a flexible inflation target to achieve macro-financial stability. “In this milieu, financial stability has emerged as another key consideration for monetary policy."
Central banks wake up to digital currency, create new framework with WEF
The framework is to help central banks evaluate, design and potential deploy digital currency.
Share market update: PSU bank shares gain; Canara Bank rises 1%
The Nifty PSU Bank index was trading 0.68 per cent up at 2426.3 .
Gold eases as WHO tempers virus fears
Spot gold was 0.3% lower at $1,557.93 per ounce by 1300 GMT but held above the key $1,550 level.
Indian Bank net up 62% at Rs 247 crore
Net interest income at Rs 1,955.18 crore increased by13.89% compared to the same period last year
Stock market update: Bank stocks surge; YES Bank jumps 5%
YES Bank, Bank of Baroda and Federal Bank were among the top gainers.
Buzzing stocks: YES Bank, Vodafone Idea, IB Housing, ICICI Bank
ICICI Bank (Rs 189.89 crore) was leading the pack of most active stocks in value terms.
Coal stocks at power plants touch 19 days
At the closure of December 2019 total coal stock at power plants and mine mouth was 57 million tonnes. Stocks at pit heads stood at 25.3 million tonnes, ahead by 2.1 million tonnes than a year ago period. Stocks at power plants stood at 31.63 million tonnes, sufficient for 18 days’ consumption, more than twice last year’s stock.
ICICI Bank's Q3 profit hits record high, BB and below rated pool jumps: Key takeaways
The private lender had hit Rs 3,000 crore profit mark only thrice in history.
CBSE warns 'mischievous' elements against spreading rumours about board exams
The board also appealed to the public to cooperate with it for the smooth conduct of exams and not to participate in spreading rumours and not to believe baseless information, board Secretary Anurag Tripathi said in an advisory.
Welcome to ‘peak decade,’ from globalization to central banks
Ian Bremmer, founder of Eurasia Group, describes this year as a “tipping point.”
Republic Day: JK Police gets max 108 gallantry medals, CRPF 76
The Union Territory police, thickly involved in counter-terrorism operations in the Kashmir Valley, has also bagged three top President's Police Medal for Gallantry (PPMG) while one has been accorded to the CRPF (posthumously), a Union home ministry order said.
ECB launches review that will redefine its mission and tools
"The Governing Council also decided to launch a review of the ECB’s monetary policy strategy,"
Bank of Baroda tumbles into red with Rs 1,407-cr net loss on higher provisions
Erstwhile Dena and Vijaya banks were merged into BoB effective April 2019 and profit last year has been consolidated to reflect the amalgamated entity.
Induslnd Bank launches wealth management platform
Tts wealth management platform Pioneer Banking, which caters to high net-worth customers.
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