“Nor has the Bank received this suggestion from any quarters,” its non-executive chairman G Padmanabhan said in a statement.

Padmanabhan said we need to look at solutions which will take into consideration the local conditions and make cashless transactions easy.

RBI has made a strong case for internationalization of the rupee and sought to differentiate it from capital account convertibility

According to the central bank, countries that can borrow in their own currency are less susceptible to international crisis.

The motivation for this, according to Padmanabhan, is that there is a growing concern these days about the risk of unhedged forex exposure ...

Padmanabhan said the RBI agency Institute for Development and Research in Banking Technology (IDRBT) has started this effort last year.

An RBI panel suggested setting up a common platform for payment of various bills, taxes, insurance premia, university and school fees.

Setting up of a centralised KYC (know your customer) registry for the entire financial sector will be possible only after implementation of...

The Reserve Bank is open to looking at increasing the limit on international e-commerce transactions currently set at $ 3,000, a top offici...

The Reserve Bank will hold a meeting by month end to discuss the payment and settlement system, executive director G Padmanabhan said

RBI is committed to encouraging the country's exports and is organising seminars to address the concerns of exporters, a senior official sa...

RuPay is the brand name of domestic card scheme floated by the NPCI and it is the Indian equivalent of Visa or MasterCard payment systems.

The ongoing sovereign debt crisis in countries of eurozone owes its origins to governance failures, according to a senior Reserve Bank offi...

The board of Bank of Rajasthan on Thursday decided to forward the proposal of merger with ICICI Bank to the Reserve Bank of India to take a...

The management of the Bank of Rajasthan has sought legal opinion from Fox Mandal on whether an extraordinary general meeting (EGM) conducte...

The Board of Directors of Bank of Rajasthan met today and approved the proposal of amalgamation with ICICI Bank. Top 10 international banks...

Not many bankers would have taken over the reins of a bank in as dramatic a fashion as G Padmanabhan, the recently-appointed MD & CEO of Ba...