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INTERBANK COOPERATION MECHANISM
Rupee rises 14 paise to 86.93 against US dollar in early tradeThe rupee strengthened to 86.93 against the US dollar, buoyed by positive domestic equities and increased risk appetite amid hopes for peac...- Leaders explore BRICS pay systems even as don warnsBRICS nations are actively pursuing the development of a cross-border payments system to facilitate faster, cheaper, and more efficient tra...
- At Brics, PM Modi calls for sanctions against terroristsAt the Brics summit in Rio de Janeiro, Prime Minister Modi condemned the Pahalgam terrorist attack, urging international sanctions against ...
- From Kazan to the world: BRICS expansion could reshape global governanceThe 16th BRICS Summit in Kazan emphasises multilateralism, financial innovation, and alternative payment systems. Leaders condemned unilate...
- Indian banks reach out to RBI over US ban on ACU settlementsIndian lenders have approached the Reserve Bank of India (RBI) after the US Office of Foreign Assets Control (OFAC) asked banks to refrain ...
- RBI penalises Bihar State Co-op Bank Rs 60.20 lakh for various shortcomingsThe Reserve Bank of India (RBI) has imposed penalties on several banks for various violations. The Bihar State Co-operative Bank has been f...
- RBI penalises Bihar State Co-op Bank Rs 60.20 lakh for various shortcomingsThe RBI also announced a monetary penalty of Rs 6 lakh on Jowai Cooperative Urban Bank Limited, Meghalaya for deficiencies in regulatory co...
- India seeking safe passage for its citizens both from Ukrainian, Russian authorities: MEAWe have been pressing all sides, both Russian and Ukrainian for the safe passage of our citizens. If the Russians have a solution to a corr...
- India to promote trade, eco partnership & rule of law at Nov 30 SCO heads of Govt meetIndia is committed to widening cooperation with SCO by playing a proactive, positive and constructive role in the organization. In this yea...
- Covid forced BRICS development institutes to revise their long-term strategiesThis conclusion was reached by the experts of the VEB.RF Institute (Russia's largest development institute) in a special report which was p...
- Cabinet gives nod for pacts by Exim Bank under BRICS mechanismAt an appropriate time, Exim Bank, leveraging this umbrella agreement, could enter bilateral agreement with any of these member institution...
- PM Narendra Modi asserts government’s economic reforms to attract BRICS nationsIndia is changing fast into one of the most open economies in the world today. Foreign direct investment (FDI) inflows are at an all-time h...
- BRICS Summit 2016: Exim Bank released research papers, highlighting opportunities to enhance Intra-BRICS tradeThe study highlights the robust trend in bilateral trade between India and rest of BRICS countries and the rising trend in India’s trade de...
- Cabinet approves pact between EXIM Bank, New Development Bank"The proposal will enhance trade and economic relations among the BRICS countries...The participating institutions from the BRICS nations w...
- China to let private investment funds trade interbank debt marketChina will allow private investment funds to trade in the country's interbank debt market for the first time, a central bank document dated...
- Indo-China joint Silk Road Economic Belt & Maritime Silk Road: China seeks to address misgivingsThere are worries that China will utilise this to project power and military prowess much to discomfort of others.
- Sri Lanka to benefit from RBI's $2 billion swap arrangementSri Lanka will benefit from the RBI's $ 2 billion swap arrangement aimed at strengthening regional cooperation.
- BRICS summit: No mortar to hold BRICS togetherTop emerging economies, coming under the banner of BRICS, criticized the West for financial mismanagement.
- BRICS united, West will not always have final sayThe five countries took the first step towards doing mutual trade in local currencies by signing an agreement to extend credits in local cu...
- BRICS members to trade in local currenciesTaking note of uncertainty in global political & economic situation, BRICS took the step towards mutual trade in local currency.
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