Federal Bank has appointed Venkatraman Venkateswaran as its new Executive Director on the board, filling the position left vacant by Shalini Warrier’s departure. The appointment has received approval from the Reserve Bank of India. Venkateswaran will officially take charge on July 10, 2025, and will serve a term of three years.
RBI likely sold $12 billion in gold reserves amid rupee pressure
India’s central bank, the Reserve Bank of India (RBI), is estimated to have sold nearly $12 billion worth of gold reserves within a two-week period ending May 22. The assessment, based on...





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