RBI ready to do 'whatever is required' to curb rupee volatility: Sanjay MalhotraThe Reserve Bank of India is ready to act to stabilize the foreign exchange market. Governor Sanjay Malhotra indicated the rupee may be und...
Why West’s crypto rules matter for East’s financial futureThe US CLARITY Act addressing legal uncertainty will shape global crypto regulation. Eastern hubs like the UAE and Singapore are moving ahe...
Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...
India's digital currency push targets its leaky welfare systemWhile India's early efforts are modest compared with those of China, where more than 200 million people use the e-yuan, the world's most po...
India's digital currency push targets its leaky welfare systemIndia is piloting its digital rupee, the e-rupee, for welfare payments. This initiative aims to improve efficiency and reduce corruption in...
E-rupee in circulation grows to over Rs 1,000 crore; RBI exploring cross-border CBDC pilotsThe RBI reported a surge in e-rupee circulation to Rs 1,016 crore by March 2025, with pilots expanding to 17 banks and 60 lakh users. Cross...
RBI to test CBDC by crediting a portion of allowances to its officers’ digital walletsThe Reserve Bank of India will initiate a test by crediting reimbursement allowances to the digital currency wallets of its officers. This ...
RBI working on off-line mode to boost retail CBDC volumes: Guv Shaktikanta DasThe Reserve Bank of India (RBI) is working to increase the acceptance of the Central Bank Digital Currency (CBDC) for retail transactions, ...
CBDC transaction volumes down, P2M transactions growing: RBIThe Central Bank Digital Currency (CBDC) transaction volumes have gone down after crossing 10 lakh in late-December 2023, Reserve Bank of I...
RBI proposes distribution of CBDC through non banks; seeks to broaden retail access to digital currencyThe Reserve Bank of India (RBI) is expanding the usage of Central Bank Digital Currency (CBDC) by allowing distribution through Non-bank Pa...
Digital Rupee: RBI widens scope of CBDC; non-banking payment companies to facilitate transactionsDigital Rupee transaction: The Reserve Bank of India has proposed that CBDC (Central Bank Digital Currency) or, the eRupee, to be accessibl...
CBDC big update: Soon use RBI’s Digital Rupee for offline transactionsSoon, offline transactions can be conducted using the RBI's Digital Rupee. The Reserve Bank of India (RBI) has stated that its Central Bank...
SBI, HDFC Bank, Bank of Baroda, other banks allow you to scan UPI QR code and pay via RBI CBDC; how it worksSeveral banks have recently enabled a new functionality for their customers who are transacting using e-Rupee or Digital Rupee, which is In...
Targeting 1 million CBDC users by June end: RBIWhile it has no specific date in mind for a full-fledged launch of the CBDC, the central bank will take a measured approach, it said. The R...
Digital Rupee: RBI plans to expand CBDC pilot to include more banks and locationsTouted as the e-Rupee or Digital Rupee, the RBI CBDC is an electronic form of sovereign currency. "The pilot in CBDC-Retail is proposed to ...
Plan to introduce CBDC in India within FY23, but gradually: RBIAs announced in the Union Budget for the ongoing fiscal, the Central Bank Digital Currency (CBDC) will be introduced in India within the on...
RBI's CBDC must not bear interest, else it will break banking system: SubbaraoIn an interview with ETMarkets.com, the former governor said the intermediary function of commercial banks would come under stress if the C...