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Mumbai, Apr 8 (PTI) The Reserve Bank on Wednesday said HDFC Bank's board meeting minutes and other records are studied as part of supervision exercise, and reiterated that the largest private sector lender has not been found wanting on ethics and governance. "I would like to reiterate that at no point during our supervision or after examining their records did any governance or conduct-related material issue come to our notice. Under our regular supervision, board minutes are also reviewed. Cop ...Read More >
New Delhi: The Reserve Bank of India has accelerated the repatriation of its gold reserves, bringing back over 274 tonnes since March 2023, NDTV reported. Around two-thirds of India's 880.8 tonnes of gold is now held domestically, driven by geopolitical risks and the need for greater liquidity and control, the report said. In parallel, France's central bank, Banque de France, has completed the repatriation of its gold reserves from the Federal Reserve Bank of New York within a year, bringing b ...Read More >
New Delhi: Principal Secretary to the Prime Minister, PK Mishra, has emphasised the urgent need to address extreme heat as a global crisis, echoing the call from the UN Secretary-General. Delivering the keynote address during the Special Session on Extreme Heat Risk Governance at Geneva on Friday, he underlined that rising temperatures pose a systemic risk to public health, economic stability, and ecological resilience, according to a PMO statement. India welcomes the UNDRR's initiative to adva ...Read More >
MUMBAI: Warning of the increasing intensity and severity of climate risks, Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao has called for a regulatory response to mitigate these challenges, emphasising their impact on price and financial stability. Speaking at an international conference on "Mitigating Climate Change Risks and Fostering a Robust Ecosystem for Sustainable Finance", organised by the Institute of South Asian Studies at the National University of Singapore in New Delhi ...Read More >
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