Bank Of England

Brexit May Bring Long-Term Gains For India, Say Experts

Business | Indo-Asian News Service | Sunday February 10, 2019

Last year the Bank of England had warned that a no-deal Brexit could send the pound plunging and trigger a worse recession than the financial crisis.

Bank Of England Governor Mark Carney's Term Extended

Business | Thomson Reuters | Tuesday September 11, 2018

Deputy Governor Jon Cunliffe will serve a second five-year term until October 2023.

Risk Of No-Deal Brexit 'Uncomfortably High': Bank of England

World News | Agence France-Presse | Friday August 3, 2018

Bank of England Governor Mark Carney on Friday warned that the possibility of a no-deal Brexit was "uncomfortably high" and "highly undesirable" but still "unlikely".

"I Am Very Happy Where I Am": Raghuram Rajan Won't Apply For Bank Of England Top Job

Business | Thomson Reuters | Thursday May 17, 2018

Raghuram Rajan has been mentioned by analysts as a possible future BoE governor after Mark Carney.

Raghuram Rajan Says Won't Apply For Top Job At Bank Of England

India News | Reuters | Thursday May 17, 2018

Former Reserve Bank of India chief Raghuram Rajan said on Wednesday he did not intend to apply for the job of Bank of England governor which is due to come vacant next year.

Raghuram Rajan May Be In Race For Top Post At Bank Of England: Report

Business | Indo-Asian News Service | Monday April 23, 2018

Raghuram Rajan is currently a professor of Finance with the University of Chicago at Booth School of Business.

Raghuram Rajan Contender For Top Job At Bank Of England: Report

India News | Indo-Asian News Service | Monday April 23, 2018

Raghuram Rajan, former Governor of the Reserve Bank of India, has been named as one of the possible contenders for the top job at the Bank of England (BoE), according to a report by UK-based Financial Times.

SBI's UK Unit Set For Major Restructuring

Business | Press Trust of India | Sunday February 25, 2018

SBI's UK operations will transform into a subsidiary named State Bank of India UK Limited from April 1, in compliance with wider ring-fencing of capital requirements by the Bank of England

Bank Of England's Deputy Governor Ramsden Sees Case To Raise Rates Soon

Business | Thomson Reuters | Sunday February 25, 2018

Bank of England's Dave Ramsden was one of two policymakers who opposed the BoE's decision in November to raise interest rates for the first time in a decade, but appears to have shifted his stance

Bank Of England Holds Rates, Hints Again At 2018 Rise

Business | Thomson Reuters | Thursday August 3, 2017

The BoE said its rate-setters voted 6-2 to keep Bank Rate at 0.25 percent, as expected by most economists taking part in a Reuters poll.

Bank Of England Set To Hold Rates At Record Low As Brexit Risks Loom

Business | Thomson Reuters | Thursday August 3, 2017

The Bank of Englands surprisingly close decision in June pushed up sterling and British government bond yields as investors pulled forward their expectations of a rate hike.

UK's New Note Features Jane Austen, But Quote Used Has Many Amused

Offbeat | Sanya Jain | Wednesday July 19, 2017

On Tuesday, the Bank of England unveiled a new 10-pound note featuring Jane Austen.

India, UK Agree On 240 Million Pound Fund To Finance India's Energy Needs

Business | Tuesday April 4, 2017

The two nations agreed on a green growth equity fund designed to finance India's energy needs, whereby both India and the UK will be making contributions of about 120 million pounds.

Bank Of England Assures Hindu Group On Concerns Over 'Non-Veg' Notes

World News | Press Trust of India | Sunday February 19, 2017

One of UK's leading umbrella groups for Hindus has said the Bank of England has assured them that concerns over the use of animal fat in the new five-pound notes were being treated with "utmost seriousness" and the new 20 pound notes would be launched only after consultations.

No Regulatory Obstacles For NRIs Depositing Banned Notes: Bank Of England

Business | Press Trust of India | Wednesday December 14, 2016

The banking authority's chief stressed the issue was a matter for the Indian government, who must give consent for such action to ease the "potential ramifications for British Indians and Non-Resident Indians in UK".