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The latest news on Bank from the WSJ MoneyBeat Blog. Up-to-the-minute news and analysis on deals, markets and finance around the world. UBS to Pay $230 Million to Settle Interest-Rate-Rigging Case UBS has agreed to pay $230 million to settle a long-running civil lawsuit accusing the bank of rigging benchmark interest rates.
Yesterday, RBI commemorated completion of its 90 years. In a Financial Express article, I wrote how the new central bank implemented its first monetary policy. The monetary policy was decided by the Central Board and its first tools were Bank Rate and Cash Reserve Ratio. Today, monetary policy is decided by the Monetary Policy Commitee…