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RBI monitoring IDFC First Bank fraud, sees no systemic risk: Sanjay MalhotraThe Reserve Bank of India is closely monitoring a ₹590 crore fraud case linked to IDFC First Bank, with Governor Sanjay Malhotra stressing ...
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 will launch Unified Lending Interface nationwide in due course: Guv Shaktikanta DasThe ULI architecture has common and standardised application programming interfaces (APIs) designed for a plug-and-play approach to ensure ...
Permanent deletion of transactions can help make e-rupee anonymous: Shaktikanta DasIt can be noted that since the introduction of the CBDC in late 2022, there have been concerns about the privacy aspect, with some saying t...
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, ...
Fintechs seek clarity on digital currency tieups despite RBI blessingBlockchain-based digital currency allows programmability of money. This means, in some cases, usage can be restricted to specific merchants...
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...
Programmable, offline CBDC to drive next fintech wave, says NPCI MDDuring the monetary policy meeting on February 8, RBI governor Shaktikanta Das proposed new use cases to incorporate programmability and of...
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...
RBI adds increased functionality to CBDCThe CBDC Retail (CBDC-R) pilot currently allows for Person to Person (P2P) and Person to Merchant (P2M) transactions using Digital Rupee wa...
RBI seeks ways to make digital currency payments easy as cashThe RBI has also opened a sandbox for startups to test multiple CBDC use cases. As of now, daily transactions linger in the range of tens o...
RBI, banks plan new features to boost digital currency transactions, say sourcesThe Reserve Bank of India (RBI) is collaborating with lenders to enhance the popularity of its central bank digital currency (CBDC), the e-...
Airtel Payments Bank, IDEMIA, HMD team up to enable use of digital rupee on feature phonesAirtel Payments Bank, IDEMIA, and HMD Global have partnered to introduce Central Bank Digital Currency (CBDC) on feature phones in India. T...
Digital currency to further bolster digital economy, says RBIChaudhary was addressing an outreach seminar on 'Central Bank Digital Currency: The India Story' organised by the Reserve Bank of India. Th...
eRupee can’t be turned into cash directly, for nowAccording to the RBI, the eRupee pilot project has progressed quite satisfactorily in a closed-user group and the number of users is gradua...
Budget 2023: How to make RBI’s digital rupee a successWith the Union Budget 2023 in just a few weeks, Adelia Castelino of In solution Global shares his views on how to make the digital Rupee or...
Comparing apples to oranges: Indian crypto companies criticise RBI's concept note on CBDCsIndustry executives said the regulator was incorrectly associating digital fiat with private tokens
Digital currency is more than just UPI, IMPS: How it can change your money transactionsFinance Minister Nirmala Sitharaman, in her Budget 2022 speech announced that the Reserve Bank of India (RBI) will be launching Central Ban...
UPI to stay on top; BNPL, digi currency to drive digital payments growth in next 5 years: ReportRetail online transaction platform UPI will likely continue to dominate the digital payments space in the country even as newer methods suc...