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T. RABI SANKAR
Stablecoins pose big risks, serve no real purpose, says RBI’s Rabi SankarReserve Bank of India Deputy Governor T. Rabi Sankar cautioned against stablecoins, citing significant macroeconomic risks and their lack o...- Digital frauds spike since July; RBI probing causes, warns of risks from digital currenciesDigital fraud incidents are increasing since July, according to RBI Deputy Governor T Rabi Sankar. Banks face structural challenges competi...
- Rupee’s global role key to reducing India’s external risks: T Rabi SankarIndia's Deputy Governor T Rabi Sankar stated that the internationalisation of the Rupee has begun, with exporters increasingly invoicing in...
- Unbacked cryptos have no value, stablecoins risk policy sovereignty: RBI DGRBI Deputy Governor T. Rabi Sankar has voiced concerns about stablecoins. He believes they could destabilize economies like India and that ...
- RBI's Digital Payments Intelligence Platform to flag risky transactionsThe RBI is developing a Digital Payments Intelligence Platform (DPIP) using AI to detect risky transactions and prevent fraud. The system w...
- Europe's ESMA wish to audit CCIL 'extra jurisdictional', will never agree to the demand: RBI DGRBI Deputy Governor T Rabi Sankar stated India will not yield to the European Securities and Markets Authority's (ESMA) request to audit th...
- T Rabi Sankar re-appointed as RBI DG for one yearSankar, a career central banker who joined the RBI in 1990, was initially appointed as Deputy Governor on May 3, 2021 for a three-year peri...
- Special vostro funds exiting G-Secs not to cause a stormIn July 2022, the RBI had put in place an additional arrangement for the invoicing, payment, and settlement of exports and imports in rupee...
- Aim to increase e-rupee transactions to 10 lakh per day by 2023-end: RBI DG T Rabi SankarRBI deputy governor T Rabi Sankar pointed out that transactions through CBDCs bypass intermediaries and are instantaneous. In its aim to in...
- RBI reviews global and domestic economic situation at its board meetThe Board discussed the Reserve Bank’s activities during the current accounting year 2022-23, and also approved the budget for the accounti...
- Banks have ceded UPI space to nonbanking sector: RBI Dy GuvThe National Payments Corporation of India (NPCI) recently extended the deadline by two years for existing third-party apps to comply with ...
- RBI Central Board reviews economic situation, geopolitical crises"The Board also discussed the functioning of various Sub-Committees of the Central Board, Ombudsman Scheme and activities of select Central...
- Card tokenisation to be implemented from October 1, no further extension signals RBICentral bank rules require all merchants to delete customer debit and credit card details before October 1 and replace card payments with u...
- Digital currency to be launched as pilot project this year: RBI Deputy GovernorThe RBI, he informed, is trying to calibrate policy on digital payments as per the feedback being received from stakeholders. Highlighting ...
- Ahead of govt consultation paper launch, RBI DG says CBDCs can kill case for cryptocurrenciesThe RBI has been vehemently opposed to cryptocurrencies like Bitcoin, saying there is no underlying value for such instruments which are es...
- Ahead of govt consultation paper launch, RBI DG says CBDCs can kill case for cryptocurrenciesThe RBI has been vehemently opposed to cryptocurrencies like Bitcoin, saying there is no underlying value for such instruments which are es...
- Cryptocurrencies worse than Ponzi schemes, says RBI Deputy GovernorSankar also said that since cryptocurrencies have specifically been developed to bypass the regulated financial system, it is reason enough...
- India on course for open access in its markets: RBI deputy governor"India has come a long way in achieving increasing levels of convertibility on the capital account," Sankar said in a speech at a forex dea...
- Government names T Rabi Sankar as Deputy Governor of RBINorth Block appointed T Rabi Sankar, executive director of the Reserve Bank of India as the fourth deputy governor of the central bank, sai...
- Low derivatives participation due to lack of hedging culture: RBI officialRBI came out with a draft guideline to allow non-residents to hedge their rupee interest rate risk flexibly using any available interest ra...
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