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2 weeks, 1 day ago

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

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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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 …

Rbi Das Malhotra Cbdc Shaktikanta Das Sanjay Malhotra Rbi Governor

3 months, 4 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

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 …

India China Adoption Nigeria Bank Digital Currency Rbi

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 …

Rbi Das Cbdc Bank Digital

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

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 …

Central Bank Dollar Ramaswamy Cbdc

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

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

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

1 year, 6 months ago

CBDC Pilot Expanded, To Include More Banks And Locations, Says RBI

ABP News

The Reserve Bank of India on Tuesday said the scope of the Central Bank Digital Currency pilot is being expanded gradually to include more banks and locations. The pilot began with four banks -- State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank -- while four other banks -- Bank of Baroda, Union Bank of India, HDFC …

Settlement Bank Digital Banks Rupee Pilot Cbdc

1 year, 6 months ago

Digital Rupee: RBI Aims To Expand Use Cases, Features Of Retail, Wholesale CBDC

News 18

The Reserve Bank of India targets to expand the use cases and features of CBDC-Retail and CBDC-Wholesale, according to the central bank’s annual report released on Tuesday. “During 2023-24, the Reserve Bank aims at expanding the ongoing pilots in CBDC-Retail and CBDC-Wholesale by incorporating various use cases and features. “As the Reserve Bank embarks upon the journey of realising the …

Bank Rbi Cbdc Digital Rupee Use Cases Retail Wholesale

1 year, 6 months ago

Digital Rupee: RBI launches expand e-Rupee pilot to include more banks

Live Mint

The Reserve Bank of India wants to expand the ongoing pilot of the Central Bank Digital Currency and incorporate various use cases and features in 2023-24. In its annual report for 2022-2023, the central bank said, "During 2023-24, the Reserve Bank of India aims at expanding the ongoing pilots in CBDC-Retail and CBDC-Wholesale by incorporating various use cases and features." …

Bank Digital Rbi Rupee Pilot Cbdc Digital Rupee

1 year, 7 months ago

FedNow won’t give agency power to seize bank accounts for political beliefs

Associated Press

CLAIM: The Federal Reserve is launching a new program that will give it the power to monitor, freeze and even seize private bank accounts based on a person’s behavior or political beliefs. THE FACTS: A post circulating widely on social media claims a new government program will give the Federal Reserve broad powers to monitor and seize people’s personal bank …

Bank Power Officials Federal Fed System Bank Accounts

54 years, 11 months ago

Federal Reserve’s payment service FedNow would not replace cash

Associated Press

CLAIM: The Federal Reserve is launching a digital currency app, FedNow, that will eliminate physical cash. It’s not a form of currency, nor is it a move towards eliminating cash, the Board of Governors of the Federal Reserve System stated. In recent days, social media users have misrepresented the service, claiming it is a step towards “getting rid of physical …

Bank Digital Currency Federal Fed Reserve Cbdc

1 year, 10 months ago

E-Rupee to be piloted by 5 more banks in 9 more cities soon

The Hindu

Five more banks will join the pilot on the central bank digital currency or e-rupee for retail customers and the project will be extended to nine additional cities, the Reserve Bank said on Wednesday. The Reserve Bank, which began piloting the central bank digital currency or e-rupee for retail customers in early December with eight banks in five cities, stressed …

Bank Banks Wholesale Cbdc

1 year, 11 months ago

Digital currency to further bolster digital economy, make payment system more efficient: RBI

India TV News

RBI Executive Director Ajay Kumar Choudhary on Wednesday the digital currency will further bolster the digital economy, make the payment system more efficient and reduce the cost involved in physical cash management. Central Bank Digital Currency The RBI has already launched pilots of CBDC in wholesale and retail segments last year. He said the key motivation for exploring the issuance …

India Digital Digital Currency Currency Digital Economy Payment Rbi

1 year, 11 months ago

Digital Rupee: Understanding the risks of using digital currency

Live Mint

Digital currency is essentially a replacement of conventional paper currency by currency in the form of digital data on a technology-based platform on a mobile device or otherwise. According to Stas Protassov, Co-founder and executive board member, Acronis, one of the risks which exist for most if not all digital currencies is double-spending scams exploiting protocol issues or application software …

India Indian Digital Risk Digital Currency Currency Risks

2 years ago

Explained: How Reserve Bank's e-rupee is different from UPI?

Hindustan Times

The Reserve Bank of India has recently scaled the pilot of Central Bank Digital Currency or e-rupee for the retail sector. The CBDC or e-rupee is a legal tender money backed by the RBI similar to cash, but for UPI payments, it has to be linked with bank accounts. E-rupee is a legal tender money As the name suggests, the …

Money Currency Rbi Reserve Bank Transactions Upi Upi Payments

2 years ago

RBI Monetary Policy: Governor Das Explains Difference Between Digital Rupee And UPI

ABP News

The Reserve Bank of India on Wednesday clarified the key differences between the Central Bank Digital Currency and Unified Payments Interface. Speaking with the media after the monetary policy announcement, Das said, "Any UPI transaction involves the intermediation of the bank. Further elaborating on CBDC, RBI Deputy governor T Rabi Sankar said that similar to cash, CBDC can enable the …

Bank Digital Currency Rbi Das Upi Cbdc

2 years ago

RBI Rolls Out First Pilot Project For Retail Digital Rupee In 4 Cities

ABP News

The Reserve Bank of India on Thursday launched the first pilot project for retail digital rupee in Mumbai, New Delhi, Bengaluru, and Bhubaneswar. The retail digital rupee project has started in a closed user group with the participation of four lenders -- State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank -- as well as customers and …

Retail Central Bank Digital Project Rbi Banks Rupee

2 years ago

Time is right for a digital rupee

Hindustan Times

Starting this month, the Reserve Bank of India will begin a pilot project that will put a digital rupee, or e ₹, in the hands of individuals. In simple terms, a CBDC is the closest virtual equivalent of cash with the liability for its value resting directly with the central bank, instead of — as is the case at present …

India Bank Digital Rbi Cbdc

2 years ago

Digital Rupee: Check List Of Banks, Cities That Will Be Part Of CBDC Pilot From December 1

ABP News

A month after the Reserve Bank of India launched the Digital Rupee for wholesale, the digital rupee for retail — denoted by e₹-R — will be rolled out as part of a pilot from December 1. Retail digital rupee to be launched in four cities Those in Mumbai, New Delhi, Bengaluru, and Bhubaneswar will be able to transact with e₹-R …

India Retail Cities Bank Digital Rbi Banks

2 years ago

RBI to launch retail digital rupee pilot on 1 December

Live Mint

Mumbai: The Reserve Bank of India on Tuesday announced the launch of a pilot for retail digital rupee on 1 December with four banks in four cities, a month after testing the wholesale central bank digital currency. The pilot, RBI said in a press release, would cover select locations in a closed user group, comprising participating customers and merchants. While …

Retail Bank Payment Banks Cbdc Retail Digital Rupee Pilot R

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Articles for Cbdc, search results for reserve

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

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

New platform to transform lending soon, says Das

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

RBI To Make Digital Currency Available Offline

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

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

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

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

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

CBDC Pilot Expanded, To Include More Banks And Locations, Says RBI

Digital Rupee: RBI Aims To Expand Use Cases, Features Of Retail, Wholesale CBDC

Digital Rupee: RBI launches expand e-Rupee pilot to include more banks

FedNow won’t give agency power to seize bank accounts for political beliefs

Federal Reserve’s payment service FedNow would not replace cash

E-Rupee to be piloted by 5 more banks in 9 more cities soon

Digital currency to further bolster digital economy, make payment system more efficient: RBI

Digital Rupee: Understanding the risks of using digital currency

Explained: How Reserve Bank's e-rupee is different from UPI?

RBI Monetary Policy: Governor Das Explains Difference Between Digital Rupee And UPI

RBI Rolls Out First Pilot Project For Retail Digital Rupee In 4 Cities

Time is right for a digital rupee

Digital Rupee: Check List Of Banks, Cities That Will Be Part Of CBDC Pilot From December 1

RBI to launch retail digital rupee pilot on 1 December