RBI: Page 3
Digital Rupee Has 50,000 Users And 5000 Merchants: RBI
The pilot project started on December 1 has witnessed 7.70 lakh transactions, and is now being carried out in five cities
RBI Hikes Repo Rate By 25 Basis Points To 6.50 Per Cent
While the central bank has increased rates, it called the Indian economy resilient
SBI Granted Loans Worth INR 21,000 Crore To Adani Groups, Half Of What Allowed Under Rules: Report
The report also claimed that more than INR 1600 crore of the amount was granted to Adani Group through SBI's overseas units
IDFC FIRST Bank And ToneTag Partner To Launch CBDC Payments
The digital rupee offers features of physical cash like trust, safety and settlement finality
No Issue With Cryptocurrency In India If Laws Are Followed: Rajeev Chandrasekhar
The minister's remark contradicts the central bank's view advising investors to stay away from crypto
Too Premature To Think India Will Replace China In Influencing Global Economic Growth: Raghuram Rajan
The former RBI governor also said that, however, the situation may change going forward as India is already the world's fifth largest economy, it is growing and has the potential to keep expanding
States Should Mainstream Capital Expenditure Planning: RBI
According to the report, the capital spending by states saw a robust 31.7% growth on year at INR 5.89 trillion in FY22
Marching Towards Future Of Money
The central bank defines CBDC as a legal tender in a digital form issued by it. It is the same as a sovereign currency and is exchangeable at 1:1 par with fiat currency
RBI Allows Six Entities To Test Fintech Products To Deal With Financial Frauds
The RBI said it had received nine applications under the fourth cohort, of which six entities have been selected for the 'test phase'
4:1, SC Upholds the Demonetisation Decision
Six years after an eventful night, the Supreme Court upholds the decision and deems the demonetisation "legal"
It Is Important To Have a Common Approach For Crypto Assets: RBI Report
The report also added that various options are being considered internationally in this context
There Is Global Consensus For Use Of E-Currency: RBI Report
RBI is among the pioneers, having launched a CBDC, the e-Rupee, for both wholesale and retail use
Indian Banks' Balance Sheet Grows In Double Digits: Report
The RBI data reportedly revealed that PSBs estimated at 62% of the deposits of the scheduled commercial banks, while on the other hand on loans, they held 58% market share
Credit Card Spends Fall For First Time Since July: RBI Data
The number of transactions per card also declined, in line with the reduction in expenditure per card - at 2.9 transactions versus 3.2 in October
RBI To Promote Innovation In Fintech Sector, Says Shaktikanta Das
RBI governor emphasized that fintech initiatives and startups are the important segments of aspirational India