Bank for International Settlements Current Affairs, GK & News

BIS: India’s bank credit-to-GDP ratio grows 56% in 2020

As per the latest data from Bank for International Settlements (BIS), incremental credit growth has decreased to 59-year low at 5.56% in Financial Year 2021. Key points As per data, bank credit-to-GDP ratio has increased to a five-year high at about 56% in 2020. However, this increase is way behind its peers and is half ..

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Siddharth Tiwari appointed as new Chief Representative for Asia and Pacific by Bank for International Settlements (BIS)

The Bank for International Settlements (BIS) has appointed Siddharth Tiwari as the Chief Representative for Asia and the Pacific. He succeeded Eli Remolona. At BIS, he will work to strengthen the connection between BIS and the central banks in the area he oversees. He will lead efforts to enhance understanding of issues that are important ..

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Urjit Patel appointed as advisory board member of Financial Stability Institute (FSI) of BIS

RBI Governor Urjit Patel has been appointed as advisory board member of the Financial Stability Institute (FSI) of the Bank of International Settlement (BIS). The FSI assists financial sector authorities worldwide in strengthening their financial systems. The FSI was jointly created in 1998 by the BIS and the Basel Committee on Banking Supervision. Among other ..

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India to join Global Foreign Exchange Committee

India will soon join Global Foreign Exchange Committee (GFXC), a newly-constituted forum of central bankers and experts working towards promotion of a robust and transparent foreign exchange (Forex) market. The committee has been set up under guidance of the Bank for International Settlements (BIS), an international financial organisation. About Global Foreign Exchange Committee (GFXC) The ..

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