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PRA Proposes to Implement Latest Basel standards

The Prudential Regulation Authority (PRA) of UK has launched a consultation on proposed rules and expectations that will be included in the Basel III standards but have yet to be implemented in the United Kingdom. It is known as Basel 3.1 standards. PRA-regulated banks, building societies, and investment firms, as

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RBI Raises Rates by 50bps – Aiming to Keep Inflation Within Target Limit

Reserve Bank of India (RBI) increased the repo rate by 50 basis points to 5.4%. prolonged high inflation could harm growth in the medium term Real GDP growth projection for 2022-23 is maintained at 7.2% RBI is also focusing on the development of the Bharat Bill Payment System (BBPS) platform.

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