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RBI highlights strong banking sector health, says lenders can withstand severe shocksIn the fiscal year 2025-26, India's financial landscape demonstrated remarkable stability. Both banks and non-bank entities showcased solid...- 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...
- Is RBI's CBDC initiative just another digital mirage?Launched by RBI in 2022, CBDC aimed to reduce India's reliance on the dollar and counter cryptocurrencies. Despite lackluster adoption, fin...
- 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 ...
- Retail users power up e-Rupee transactionsThe Central Bank Digital Currency (CBDC), or e-rupee, has seen significant growth among retail users. As of March 2024, e-rupee circulation...
- 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...
- Union Bank of India employees unhappy for getting perks in digital currencyRBI Digital Currency: Union Bank of India aims to adopt Reserve Bank of India's digital rupee for employee benefit schemes, encouraging CBD...
- 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...
- PNB introduces CBDC-UPI interoperability for seamless transactionsPNB customers can now use the PNB digital rupee app to scan the UPI QR code for payment to their merchants or complete a transaction at a m...
- PNB allows CBDC-UPI interoperability via PNB Digital Rupee app; how to register and sign up for Digital RupeeCustomers of PNB can now pay their vendors using the UPI QR code by scanning it using the PNB Digital Rupee app, or utilise it to finish a ...
- Canara Bank launches UPI Interoperable Digital Rupee mobile appCustomers will be able to scan merchant UPI QR codes using the app and make the payment through digital currency.
- Canara Bank launches UPI Interoperable Digital Rupee mobile applicationCanara Bank on Monday launched UPI Interoperable Digital Rupee mobile application as a part of the Reserve Bank of India's Central Bank Dig...
- Pushing e-rupee payments using UPI infra on RBI's agendaThe RBI had launched the e-rupee for retail transactions on a pilot basis on December 1, 2022. As of June, about 13 lakh users have downloa...
- Central bank digital currency will be as anonymous as the currency note: RBIThe central bank digital currency CBDC will be as anonymous as the currency note and would have all the relevant laws applicable to currenc...
- How to use Yes Bank’s Digital Rupee appYES BANK is one amongst the four banks identified by the RBI under the first pilot of its digital currency (e₹) for the retail market.
- e-Rupee may offer same anonymity as dealing in cashBankers said that once the CBDC-R (Central Bank Backed Digital Currency-Retail) is transferred to customer wallets, banks will not track or...
- RBI in final stages of retail CBDC pilot rolloutOfficials indicated that the platform for CBDC is being hosted by the National Payments Corporation of India and will be similar to the cur...
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