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Articles for Cbdc

Governments and banks once mocked Bitcoin. Now they want in on it
2 days, 18 hours ago

Governments and banks once mocked Bitcoin. Now they want in on it

Al Jazeera  

After topping $100,000, Bitcoin supporters see the cryptocurrency soaring even higher. Despite once labelling Bitcoin “a scam”, Trump has emerged as arguably the world’s most powerful advocate for the asset. “There’s now this growing feeling that the 21st century will be the century of Bitcoin.” Keiser spotted Bitcoin’s potential early on and advised people to buy it when its value …

Money Trump Crypto Digital Bitcoin Currency Central Banks
Why Shaktikanta Das was rated among world’s top central bankers, 6 big feats in 6 years
1 week, 6 days ago

Why Shaktikanta Das was rated among world’s top central bankers, 6 big feats in 6 years

Firstpost  

Shaktikanta Das’s tenure as RBI governor ended today. Das also hoped that Malhotra would carry forward RBI initiatives such as the Central Bank Digital Currency and unified lending interface and promote financial inclusion. ‘RBI, Finance Ministry perspectives can differ at times’ Das said that during his tenure as the RBI governor, there was a productive and cooperative relationship between India’s …

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One RBI Governor to another: What Shaktikanta Das had to say on Sanjay Malhotra
Top News
1 week, 6 days ago

One RBI Governor to another: What Shaktikanta Das had to say on Sanjay Malhotra

India Today  

Outgoing Reserve Bank of India Governor Shaktikanta Das shared his thoughts on his successor, Sanjay Malhotra, during a press conference held on his final day in office. Shaktikanta Das spoke highly of Sanjay Malhotra, who is set to take over as the new RBI Governor for a three-year term, effective Wednesday, December 11. COORDINATION WITH THE FINANCE MINISTRY Shaktikanta Das …

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Shaktikanta Das: Six major policy decisions in six years as RBI Governor
1 week, 6 days ago

Shaktikanta Das: Six major policy decisions in six years as RBI Governor

India TV News  

Outgoing Reserve Bank of India Governor Shakti Kant Das has guided the country’s monetary policy through turbulent times during his six-year tenure. The central bank also announced a monetary policy including a Targeted Long-Term Repo Operations of Rs 1 lakh crore aimed at supporting critical sectors like MSMEs and NBFCs. Indian digital currency revolution Under Das’s leadership, India made significant …

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New platform to transform lending soon, says Das
3 months, 3 weeks ago

New platform to transform lending soon, says Das

The Hindu  

Reserve Bank of India Governor Shaktikanta Das on Monday said a technology platform called Unified Lending Interface, currently at a pilot stage, would enable friction-less credit while delivering banking services to farmers and MSME borrowers. “This platform facilitates seamless and consent based flow of digital information, including even land records of various States, from multiple data service providers to lenders,” …

India Credit Das Uli Cbdc
RBI’s digital rupee must leap over many hurdles for wider adoption
6 months, 1 week ago

RBI’s digital rupee must leap over many hurdles for wider adoption

Live Mint  

The Reserve Bank of India has been striving to boost the adoption of its Retail-Central Bank Digital Currency or e-rupee. RBI is also aiming to onboard more non-bank payment service operators and make the e-rupee inter-operable with India’s Unified Payments Interface. Despite having clearly defined use-cases for their country-specific CBDCs, these pilot projects suffered from weak internet connectivity and poor …

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RBI To Make Digital Currency Available Offline
7 months, 2 weeks ago

RBI To Make Digital Currency Available Offline

Deccan Chronicle  

Mumbai: The Reserve Bank of India Governor Shaktikanta Das on Monday said the central bank is considering testing Central Bank Digital Currency in commercial papers and certificates of deposits on a pilot basis. Das said that the central bank has been working on making CBDC transferable offline, introducing programmability features and promoting financial inclusion. “We are working on making CBDC …

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E-rupee boost: RBI to enhance role of digital currency, allow non-bank operators to offer CBDC wallets
8 months, 2 weeks ago

E-rupee boost: RBI to enhance role of digital currency, allow non-bank operators to offer CBDC wallets

Hindustan Times  

In his statement released today, the Reserve Bank of India Governor, Shaktikanta Das, has indicated the central bank’s interest in enhancing the scope of digital currency in India. The RBI Governor said the central bank was looking to promote CBDC and that too by enhacing its scope through Non-bank Payment System Operators and thereby boost retail use. It is proposed …

India Bank Digital Digital Currency Payment Rbi Cbdc
UPI, Sovereign Green Bonds, RBI Retail Direct Scheme App: Key Announcements By Shaktikanta Das Today
8 months, 2 weeks ago

UPI, Sovereign Green Bonds, RBI Retail Direct Scheme App: Key Announcements By Shaktikanta Das Today

News 18  

RBI Governor Shaktikanta Das on Friday said the RBI MPC has kept the repo rate unchanged at 6.5 per cent for the 7th time in a row. Apart from these, he also took several measures regarding sovereign green bonds, Retail Direct Scheme, and liquidity coverage ratio framework, etc. Trading of Sovereign Green Bonds in International Financial Services Centre RBI Governor …

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Former RBI deputy governor flags potential privacy issues for CBDCs
9 months, 1 week ago

Former RBI deputy governor flags potential privacy issues for CBDCs

The Hindu  

India’s Central Bank Digital Currency, known as the Digital Rupee, could entail resistance on civil rights grounds due to transactions being traceable, former Reserve Bank of India deputy governor Rama Subramaniam Gandhi said on Thursday at the Asia Pacific E-Commerce Policy Summit here. Current governor Shaktikanta Das dismissed these concerns, insisting that even though CBDCs would be used for digital …

India Digital Payments Bank Digital Gandhi Payment Rbi
Beyond OTP: RBI looking for other authentication methods
10 months, 1 week ago

Beyond OTP: RBI looking for other authentication methods

New Indian Express  

Also, the central bank’s strict measures for authentication make it easier for customers who are afraid of being defrauded during an internet use to conduct their businesses without fear. This has played an important role in financial inclusion by enabling customers to make digital payment transactions through service providers such as business correspondents. Mandatory due diligence for AePS service providers …

India Payment Rbi Transactions Cbdc
RBI to introduce offline eRupee transactions soon: Shaktikanta Das
10 months, 2 weeks ago

RBI to introduce offline eRupee transactions soon: Shaktikanta Das

The Hindu  

Digital Rupee users will soon be able to execute transactions in areas with limited internet connectivity as the Reserve Bank of India on February 8 announced that offline capability will be introduced on the Central bank digital currency pilot project. RBI Governor Shaktikanta Das said that programmability-based additional use cases will be introduced as part of the pilot project. "It …

Rbi Person Transactions Cbdc Shaktikanta Das Introduce Offline
Mint BFSI Summit and Awards Highlights: Fintech are bringing a lot of value through innovation, says NBFID chairman
11 months, 1 week ago

Mint BFSI Summit and Awards Highlights: Fintech are bringing a lot of value through innovation, says NBFID chairman

Live Mint  

Mint BFSI Summit and Awards: The banking, financial services and insurance industry in India is the backbone of the country’s monetary, industrial and economic ecosystems. Mint BFSI Summit and Awards LIVE: Inderjit Camotra, MD & CEO, Unity Small Finance Bank on merger with Fincare SFB There's great synergy in the geographies they serve. Mint BFSI Summit and Awards LIVE: Debasish …

Finance India Insurance Innovation Awards Industry Indian
Mint BFSI Summit and Awards Highlights: Fintech are bringing a lot of value through innovation, says NBFID chairman
11 months, 1 week ago

Mint BFSI Summit and Awards Highlights: Fintech are bringing a lot of value through innovation, says NBFID chairman

Live Mint  

Mint BFSI Summit and Awards: The banking, financial services and insurance industry in India is the backbone of the country’s monetary, industrial and economic ecosystems. Mint BFSI Summit and Awards LIVE: Inderjit Camotra, MD & CEO, Unity Small Finance Bank on merger with Fincare SFB There's great synergy in the geographies they serve. Mint BFSI Summit and Awards LIVE: Debasish …

Finance India Insurance Innovation Awards Industry Indian
US Presidential candidate Vivek Ramaswamy says no to CBDCs, here’s why
1 year ago

US Presidential candidate Vivek Ramaswamy says no to CBDCs, here’s why

Live Mint  

US Republican presidential candidate Vivek Ramaswamy, in a recent X post, expressed his strong views on Central Bank Digital Currencies, adding that it opens a clear path to social credit scoring. Central bank digital currencies open a clear path to social credit scoring. The presidential candidate has lately been vocal about his plans on stabilising the US Dollar by proposing …

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Indian banks offer incentives to lift RBI’s e-rupee: Report
1 year, 1 month ago

Indian banks offer incentives to lift RBI’s e-rupee: Report

Live Mint  

Digital Rupee: In a bid to boost volums in RBI's e-rupee transactions, Indian banks are offering incentives for using the central bank digital currency. HDFC Bank leads Informing about the initiatives taken by HDFC Bank to boost RBI's e-rupee transactions, country head for payments, liability products, consumer finance and marketing, Parag Rao said that India's largest private lender has rolled …

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RBI likely to start digital rupee pilot in call money market by next month
1 year, 3 months ago

RBI likely to start digital rupee pilot in call money market by next month

India TV News  

The Reserve Bank of India is likely to introduce the pilot of the Central Bank Digital Currency for transactions for the interbank borrowing or call money market by October, said central bank Executive Director Ajay Kumar Choudhary on Sunday. The pilot for the wholesale Central Bank Digital Currency known as the Digital Rupee-Wholesale was launched on November 1, 2022. RBI …

Bank Digital Rbi Pilot Cbdc
G20 Delhi Declaration vows to closely monitor risks of fast-paced developments in the crypto, AI
1 year, 3 months ago

G20 Delhi Declaration vows to closely monitor risks of fast-paced developments in the crypto, AI

Firstpost  

In the G20 Delhi Declaration, G20 Leaders have committed to regulate cryptocurrencies and other digital assets to combat money laundering and terrorism financing. They also committed to regulate AI in a way that lets it to be developed to its full potential, while managing its risks The recent G20 Summit held in New Delhi has endorsed Prime Minister Narendra Modi’s …

Crypto Digital Leaders G20 Ai Risks Cbdc
G20 Summit 2023 New Delhi Declaration Crypto Regulation Policy Global Consensus Emerging IMF FSB CBDC Digital Rupee
1 year, 3 months ago

G20 Summit 2023 New Delhi Declaration Crypto Regulation Policy Global Consensus Emerging IMF FSB CBDC Digital Rupee

ABP News  

Prime Minister Narendra Modi announced on Saturday that the G20 had achieved unanimous agreement on a leaders' declaration. Among other notable developments, it appears that the much-discussed global coordination on crypto regulation has taken a solid step forward, as Finance Minister Nirmala Sitharaman said that a “global consensus” is emerging on virtual digital asset policies. Sitharaman said, “Global push for …

Global Crypto New Delhi Imf Risks Fsb Cbdc
Innovative partnership aims to extend offline CBDC Payments in India via feature phones
1 year, 3 months ago

Innovative partnership aims to extend offline CBDC Payments in India via feature phones

India TV News  

IDEMIA, a global leader in identity technology and biometric solutions, has joined forces with Airtel Payments Bank, a subsidiary of Bharti Airtel, and HMD Global, known for Nokia Phones, in order to reach the offline Central Bank Digital Currency payments in the country. Offline CBDC Payments This strategic partnership aims to introduce an advanced offline payment system enabling the use …

India Financial Payments Financial Inclusion Bank Digital Nokia
RBI Governor Shaktikanta Das Urges Fintech Players To Set Up Self Regulatory Organisation At GFF
1 year, 3 months ago

RBI Governor Shaktikanta Das Urges Fintech Players To Set Up Self Regulatory Organisation At GFF

ABP News  

Shaktikanta Das, governor of the Reserve Bank of India, on Wednesday urged fintech players to set up a Self Regulatory Organisation at the earliest for an orderly growth of the industry. "Fintech players need to evolve industry best practices, privacy, and data protection norms in sync with the law of the land," he said, adding that they can also set …

Bank Fintech Rbi Das Set Fintech Players Wholesale Cbdc
India in talks with countries in LatAm, Africa for UPI, RuPay
1 year, 3 months ago

India in talks with countries in LatAm, Africa for UPI, RuPay

Live Mint  

New Delhi: India is in talks with several South American and African nations for introducing Unified Payment Interface and RuPay cards, in its efforts to establish the payment platforms internationally, a senior government official said. “The discussions are primarily on with high commissions embassies, and are at various stages of negotiations, as India looks to internationalise these platforms,” the official …

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SBI, six other bank customers can scan UPI QR code and pay via digital rupee
1 year, 3 months ago

SBI, six other bank customers can scan UPI QR code and pay via digital rupee

Live Mint  

The State Bank of India has become the seventh bank to implement UPI interoperability in its Digital Rupee also called Central Bank Digital Currency. “This cutting-edge feature, accessible through the 'eRupee by SBI' application will empower SBI CBDC users to effortlessly scan any merchant UPI QR code for swift and secure transactions,” SBI said in a statement. How bank customers …

Bank Digital Pay Code Sbi Upi Digital Rupee
Digital Rupee CBDC RBI Governor Shaktikanta Das Can Prove To Be Game Changer For Cross-Border Payments:
1 year, 3 months ago

Digital Rupee CBDC RBI Governor Shaktikanta Das Can Prove To Be Game Changer For Cross-Border Payments:

ABP News  

In a recent keynote address at the G20 TechSprint Finale, Reserve Bank of India Governor Shaktikanta Das drew attention to the challenges surrounding cross-border payments, emphasising the issues of high costs and slow transaction speeds. Das indicated that the central bank digital currency — dubbed Digital Rupee — instant-settlement feature could offer a viable solution to these challenges. Despite advancements …

India Digital Payments Rbi Das Upi Cbdc