Financial News

GUIDELINES TO FILL IN THE NBFI !

CHAPTER 1. INTRODUCTION AND GENERAL INSTRUCTIONS 1.1 Introduction: NBFIs include all depository and non-depository financial institutions. The NBFIs which have the authority to receive deposits are treated as Non-bank Depository Corporations (NBDCs). As the NBDCs are the part of NBFIs, so in the first part of this guideline all definitions, explanations, interpretations and illustrations have [...]

Prudential Guidelines for Agent Banking Operation in Bangladesh

Agent Banking:  In exercise of the powers conferred to Bangladesh Bank in Section 45 of the Bank-Company Act, 1991 (Act no. XIV of 1991), the following guidelines are hereby made:   PART I: PRELIMINARY Short Title These guidelines may be called as the “Prudential Guidelines for Agent Banking Operation in Bangladesh”. Interpretations As used in [...]

Monetary policy report-Swiss National Bank

Swiss National Bank maintains expansionary monetary policy: The coronavirus pandemic and the measures implemented to contain it have led to a severe downturn in economic activity and a decline in inflation both in Switzerland and abroad. The SNB’s expansionary monetary policy remains necessary to ensure appropriate monetary conditions in Switzerland. The SNB is keeping the [...]

Inflation drops in Uzbekistan cuts rate 2nd time!

Uzbekistan's central bank lowered its policy rate for the second time this year, saying the absence of upward pressure on inflation gave it monetary policy room to maintain moderately positive real interest rates and economic activity during the COVID-19 pandemic.       The Central Bank of the Republic of Uzbekistan (CBU) cut its refinancing [...]

Asset purchases-ECB retains rates-keeps eye on euro!

The European Central Bank (ECB) maintained its ultra-low interest rates and asset purchase program, as widely expected, and while it acknowledged it was keeping an eye on the dampening impact of the euro's recent rise on inflation, it also raised its forecast for economic growth and inflation slightly.   The ECB, the central bank for [...]

Moldova cuts rate 4th time in 2020 to boost inflation

 Moldova’s central bank cut its main interest rate for the fourth time this year to stimulate demand and economic activity as well as boost inflation so it achieves its primary objective.      The National Bank of Moldova (NBM) cut its base rate by another 25 basis points to 2.75 percent and has now cut […]

2020 in Kazakhstan holds rate-economy seen shrinking!

Kazakhstan holds rate Kazakhstan's central bank left its benchmark interest rate steady, but lowered its forecast for economic growth this year based on the deeper-than-expected fall in activity in the second quarter and the extension of the lockdown over the COVID-19 pandemic during the first half of August. The National Bank of Kazakhstan (NBK) kept [...]

Turkey holds rate for 3rd time-withdraws more liquidity

Turkey holds rate for 3rd time: Turkey's central bank left its key interest rate steady for the third time, confirming its view the economic recovery is gaining pace and as part of a normalization of policy it would again raise reserve requirements so all the liquidity that was injected in March is now withdrawn. The [...]

RBI Monetary Policy Statement-2020-21 Resolution of the MPC

Monetary Policy Statement, 2020-21 Resolution of the Monetary Policy Committee (MPC) August 4 to 6, 2020* On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (August 6, 2020) decided to:   • keep the policy repo rate under the liquidity adjustment facility [...]

What is a Central Bank?-What is Monetary Policy?

Central Banking and Monetary Policy Concepts: What is a Central Bank? A central bank central bank is an institution that issues currency, regulates money supply, controls interest rates, oversees financial market and financial system stability and operations.  Many central banks also have an oversight role for the banking industry in their jurisdiction; having input into [...]

Global Monetary Policy Highlights (GMPH)

Policy Highlights: Central Bank News' Global Monetary Policy Highlights (GMPH) provides readers with an overview of key events in global monetary policy, such as new policy initiatives, a switch in policy bias, key rate changes or important speeches and papers.   GMPH includes a summary of each month’s total rate cuts and rate rises with a list [...]

Central Bank Governors in the World

Following is a list of chief executives of 200 national central banks and monetary authorities. In most cases, the chief executive is a governor but the function can also be held by a president or chairman.   Some countries join a regional central bank, such as the Bank of Central African States (BEAC) or the European Central [...]

A policy brief to accelerate technology delivery in agriculture

Financial and Banking News A policy brief to accelerate technology delivery in agriculture     Agricultural research and extension services in the country achieved momentum during the green revolution campaign that started in the early 1970s with strong support and guidance from Bangabandhu Sheikh Mujibur Rahman, who envisioned the expedient development of Bangladesh as a […]

EBL introduces export factoring solution

Financial and Banking News EBL introduces export factoring solution Becomes the first bank to provide the new financing method for exporters   EBL introduces export factoring solution AKM Zamir Uddin   Eastern Bank (EBL) yesterday rolled out a novel export factoring solution — just the day after the central bank issued the guideline for it […]

WB’s purse strings always open for Bangladesh

Financial and Banking News WB’s purse strings always open for Bangladesh Says its Country Director Mercy Tembon     WB’s purse strings always open for Bangladesh Rejaul Karim Byron and Md Fazlur Rahman   The World Bank has been an ever-reassuring presence in Bangladesh’s growth narrative, and the multilateral lender will continue to play that role, […]

Human space flight Flying people to the Space Station will be SpaceX’s biggest deal yet

Financial and Banking News Human space flight Flying people to the Space Station will be SpaceX’s biggest deal yet     It ought also to end NASA’s old way of commissioning hardware     IT WAS ONE of those neat bits of symmetry that history seems to enjoy. On May 30th, at 15.22 local time, […]

The shape of things to come The Crew Dragon mission is a success for SpaceX and for NASA

Financial and Banking News The shape of things to come The Crew Dragon mission is a success for SpaceX and for NASA     The most eagerly anticipated space mission for a decade or more     The echoes were obvious. The first launch of an Apollo spacecraft with a crew took place in 1968, an […]

Beyond the pale Will Silicon Valley face up to its diversity problem?

Financial and Banking News Beyond the pale Will Silicon Valley face up to its diversity problem?     The tech industry’s response to the killing of George Floyd has been stronger even than in other parts of the economy   To get a sense of diversity in tech, take a stroll on University Avenue in Palo […]

Art Auction or Game Show? Sotheby’s Tries Something New

Financial and Banking News Art Auction or Game Show? Sotheby’s Tries Something New   With a “multicamera global livestream” in place of its usual New York sale, the auction house tried breathing life back into a pandemic-numbed market.   LONDON — “This is what we like: the ping-pong between New York and Hong Kong. We […]

As Sales Rise, Automakers Ramp Up Production

Financial and Banking News As Sales Rise, Automakers Ramp Up Production   Demand has been stronger than expected since states began reopening, but some experts worry about the effect of a new surge in coronavirus cases. Just two months ago, the auto industry was bracing for disaster. As the coronavirus spread, automakers shut down plants, […]

Amazon to Buy Zoox, in a Move Toward Self-Driving Cars

Financial and Banking News Amazon to Buy Zoox, in a Move Toward Self-Driving Cars The online retailer is taking steps to move people, as well as packages. A Zoox car on a test drive in San Francisco.Credit…Andrej Sokolow/picture alliance, via Getty Images   SEATTLE — Amazon said on Friday that it was buying the autonomous […]

Meat Market Tenderized by China Tops a Big Week for Global Food

Financial and Banking News Meat Market Tenderized by China Tops a Big Week for Global Food China has taken some unprecedented and unexpected steps to stir confusion and controversy when it comes to linking coronavirus outbreaks to food, acting against the advice of experts who say there’s little science backing the connection. The country’s customs officials are […]

Banco CorpBanca is the fourth largest private bank in Chile.

Banco CorpBanca Banco CorpBanca is the fourth largest private bank in Chile. The Bank provides financial advisory services, mutual fund management, insurance brokerage and securities brokerage services through its subsidiaries. CorpBanca also offers Internet banking to its customers 24 hours a day through its password-protected Internet site. Total assets: US$ 28.1 billion (as of December […]

FutureTech Congress 2017 05.05.2017 | FutureTech

Financial and Banking News Blockchain Technology in Europe: Theory and Practice On May 19, Prague will host Blockchain & Bitcoin Conference Prague. The event will bring together blockchain developers and those who apply the technology in practice: financiers, bankers and businessmen. The event will consist of a conference, divided into two streams, and an exhibition […]

Can Poland become a fintech leader in Europe? 26.05.2017 | FutureTech

Financial and Banking News Blockchain Technology in Europe: Theory and Practice On May 19, Prague will host Blockchain & Bitcoin Conference Prague. The event will bring together blockchain developers and those who apply the technology in practice: financiers, bankers and businessmen. The event will consist of a conference, divided into two streams, and an exhibition […]

6th Edition BFSI Innovation and Technology Summit 2017 21.07.2017 | Exito Media Concepts

Financial and Banking News Blockchain Technology in Europe: Theory and Practice On May 19, Prague will host Blockchain & Bitcoin Conference Prague. The event will bring together blockchain developers and those who apply the technology in practice: financiers, bankers and businessmen. The event will consist of a conference, divided into two streams, and an exhibition […]

International Banking Exhibition and Conference will be held in Baku 07.02.2018 | FA International Trade Events

Financial and Banking News Blockchain Technology in Europe: Theory and Practice On May 19, Prague will host Blockchain & Bitcoin Conference Prague. The event will bring together blockchain developers and those who apply the technology in practice: financiers, bankers and businessmen. The event will consist of a conference, divided into two streams, and an exhibition […]

Financial technologies are need of the hour for Banks in India 02.03.2018 | Explore Exhibitions and Conference

Financial and Banking News Blockchain Technology in Europe: Theory and Practice On May 19, Prague will host Blockchain & Bitcoin Conference Prague. The event will bring together blockchain developers and those who apply the technology in practice: financiers, bankers and businessmen. The event will consist of a conference, divided into two streams, and an exhibition […]

25th World Islamic Banking Conference announces 4th series of WIBC Leaderboard 28.10.2018 | MEGA

Financial and Banking News Blockchain Technology in Europe: Theory and Practice On May 19, Prague will host Blockchain & Bitcoin Conference Prague. The event will bring together blockchain developers and those who apply the technology in practice: financiers, bankers and businessmen. The event will consist of a conference, divided into two streams, and an exhibition […]

Trump blasts Bitcoin, Libra, demands they face banking regulations 11.07.2019 | Reuters

Financial and Banking News Blockchain Technology in Europe: Theory and Practice On May 19, Prague will host Blockchain & Bitcoin Conference Prague. The event will bring together blockchain developers and those who apply the technology in practice: financiers, bankers and businessmen. The event will consist of a conference, divided into two streams, and an exhibition […]

Banks may need political help to survive Big Tech 09.12.2019 | Bloomberg

Financial and Banking News Blockchain Technology in Europe: Theory and Practice On May 19, Prague will host Blockchain & Bitcoin Conference Prague. The event will bring together blockchain developers and those who apply the technology in practice: financiers, bankers and businessmen. The event will consist of a conference, divided into two streams, and an exhibition […]