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...
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 ...
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...
RBI likely to start digital rupee pilot in call money market by OctoberThe pilot of the wholesale CBDC, known as the Digital Rupee-Wholesale (e-W), was launched on November 1, 2022, with the use case being limi...
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 ...
How to use RBI's Digital RupeeThe e-Rupee (of RBI Digital Rupee) would exist as a digital token that represents for money. It would be distributed in the same denominati...
How will RBI's CBDC Digital Rupee work, how is it different from digital money?RBI is all set to commence the pilot project of India's very own digital currency —Digital Rupee — for the wholesale segment from November ...
SBI, ICICI, IDFC, HDFC, Yes Bank in RBI's list for digital currency pilotThe Reserve Bank is deliberating on whether retail CBDC (also known as CBDC-R) should be interoperable with the current digital payments sy...
RBI CBDC: Digital Rupee pilot starts from November 1; SBI, HDFC, 7 other banks to participate in wholesale launchDigital Rupee pilot for wholesale segment: RBI has identified nine banks including State Bank of India, Bank of Baroda, Union Bank of India...
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...