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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,” …

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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 …

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RBI to adopt graded approach to introduce digital currency
2 years, 6 months ago

RBI to adopt graded approach to introduce digital currency

Firstpost  

The RBI said that it has been exploring the pros and cons of the introduction of Central Bank Digital Currency in India and the appropriate design elements of CBDCs that could be implemented with little, or no disruption are under examination New Delhi: The Reserve Bank of India on Friday said that it is proposing to adopt a graded approach …

India Monetary Policy Bank Digital Currency Currency Financial Stability Rbi
Nuanced, calibrated approach essential for introduction of CBDC, says RBI’s Sankar
2 years, 8 months ago

Nuanced, calibrated approach essential for introduction of CBDC, says RBI’s Sankar

The Hindu  

Reserve Bank of India Deputy Governor T. Rabi Sankar on Thursday said a nuanced and calibrated approach is essential for the introduction of India's maiden digital currency as it would have various implications for the economy and monetary policy. "Given the large number of uncertainties in terms of which model works, which design works well in terms of its impact …

India Monetary Policy Digital Currency Central Rbi System