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Message: [QUOTE="Munyaradzi Mafaro, post: 78648, member: 636"] The Reserve Bank of India's central board held its latest meeting in Hyderabad, chaired by Governor Sanjay Malhotra. Directors discussed current economic conditions both globally and within the country. The board approved a new risk-based deposit insurance system for banks and reviewed an annual report on the banking sector's performance. The meeting was attended by the bank's deputy governors and other board members. In a separate regulatory matter, the RBI also recently settled a foreign exchange case involving a company named Nearbuy India Private Limited. The enforcement directorate had filed a complaint regarding delayed financial reporting for foreign investments, which the central bank resolved through a compounding order. [/QUOTE]