MUMBAI, June 24 (Reuters) – RBI has proposed rules requiring banks to strengthen oversight of risks tied to AI and machine-learning models, mandating board-approved policies, stronger controls and model inventories. The Reserve Bank of India said banks must put in place a
Mumbai, Jun 5 (PTI) The rupee appreciated 81 paise to close at 94.93 (provisional) against the US dollar on Friday after the Reserve Bank announced measures to support foreign capital inflows and strengthen forex liquidity. Forex traders said the announcements in the
Mumbai, Jun 5 (PTI) Benchmark indices Sensex and Nifty quoted higher on Friday afternoon after the Reserve Bank of India (RBI) kept its benchmark repo rate unchanged at 5.25 per cent, and announced a raft of measures to attract foreign capital and
NEW DELHI, June 5 (Reuters) – India said on Friday it would exempt foreign institutional investors and the Bank for International Settlements from capital gains tax on receipts arising from interest or sale of government securities. The decision, announced through an executive
MUMBAI, June 5 (Reuters) – The RBI (Reserve Bank of India) on Friday kept its policy repo rate unchanged at 5.25%, opting to look past rupee weakness and assess the fallout from rising global energy costs on inflation and growth. Nearly 80%
