The Reserve Bank of India (RBI) announced that it is pushing an initiative to enhance the system for handling bad loans, recommending a predicted-loss-based strategy for provisioning to be started over the next year.

The President and Chief Executive Officer of the Federal Reserve Bank of Cleveland, Loretta J. Mester, spoke at the Akron Roundtable Signature Series on April 20th, highlighting the progress made in the economy but cautioning that inflation remains stubbornly high.