The central bank also shifted its policy stance from “neutral” to “accommodative,” signaling the possibility of further rate cuts in the future.
Category: Finance
Women’s Day 2025: ‘Women and Finance’ survey in India shows 90% of female rural entrepreneurs are diligent savers
The survey, conducted by Haqdarshak and DBS Bank India, has revealed that 100 per cent of respondents in Madhya Pradesh; 95 per cent in Maharashtra; and 73 per cent in Rajasthan set aside a portion of their income as savings.
IMF MD says Indian economy likely to be ‘a little weaker’ in 2025
Georgieva said she expects the Indian economy to be a little weaker in 2025. However, she did not explain it any further. The World Economy Outlook update week will have more details about it.
Indian rupee falls 10 paise, hit record low of 85.25 against USD in early trade
At the interbank foreign exchange, the rupee opened weak at 85.23 and slipped further to hit a life-time low of 85.25 against the greenback in initial deals, registering a loss of 10 paise against its previous closing level.
Rupee’s 12 paise tumble takes it to all-time low of 85.06 against USD in early trade
At the interbank foreign exchange, the rupee opened on a weak note and breached the crucial 85.00 level against the greenback.
Over 180,000 Singaporeans used ‘money lock’ feature to set aside SGD 15.8 billion
The Monetary Authority of Singapore has said over 181,000 customers have used the “money lock” security option as of Oct 31. It was introduced last year and is currently offered by DBS, OCBC, UOB, Citibank, HSBC, Maybank and Standard Chartered Bank.
Max Life Insurance survey reveals only 24 percent Indians confident of their savings lasting beyond 10 years post-retirement
As per the survey’s fourth edition, southern India (48) stands behind eastern India (54) and western India (49), as well as the national average of 49. This score, however, places the region at par with northern India.
Singapore FinTech Festival 2024 attracts 65,000 participants from 134 countries and regions; makes big plans for 2025
More than 3,400 government and regulatory attendees across 665 central banks, regulatory institutions, and government organisations participated in the ‘Regulation Zone’. Key discussion areas included Artificial Intelligence (AI) solutions, quantum research and finance, cross-border data flow, and digital asset growth.
State Bank of India launches innovation hub at Singapore Fintech Festival to drive digital transformation
The State Bank of India (SBI) Innovation Hub was launched in partnership with APIX, a Singapore-based leading global collaborative innovation platform for financial institutions and fintechs at the festival, being held November 6-8.
MAS announces finalists for 2024 Global FinTech Hackcelerator and FinTech Excellence Awards
This year’s competition aims to advance the development of suitable financial products and tools that can improve financial health. This can be an important enabler to empower individuals and businesses to manage resources effectively to build financial resilience.
