Reserve Bank of India

Consultation paper to shape India’s digital asset regulation future

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29 August, 2024

Consultation paper to shape India’s digital asset regulation future

India is moving past enacting taxes on digital assets with an upcoming consultation paper likely to provide the sector with...

India’s CBDC has 5M users, RBI in ‘no rush’ to launch it

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Steve Kaaru

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28 August, 2024

India’s CBDC has 5M users, RBI in ‘no rush’ to launch it

India’s central bank revealed that 16 local banks are participating in the pilot but says it’s still finetuning features such...

Tokenized deposits gaining traction in India, central bank says

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Pradipta Mukherjee

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21 August, 2024

Tokenized deposits gaining traction in India, central bank says

Michael Debabrata Patra, deputy governor of the RBI, believes that tokenized deposits have various use cases in cross-border and domestic...

India central bank: Integration of advanced technologies in financial sector brings opportunities, risks

Business

Pradipta Mukherjee

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20 August, 2024

India central bank: Integration of advanced technologies in financial sector brings opportunities, risks

To mitigate the risks in finance, Shri Swaminathan J said that regulators must adopt a more agile approach, developing regulatory...

Replacement of bank deposits by CBDC an area of key interest for deposit insurers: RBI

Business

Pradipta Mukherjee

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19 August, 2024

Replacement of bank deposits by CBDC an area of key interest for deposit insurers: RBI

At a recent International Association of Deposit Insurers event, Michael Debabrata Patra, deputy governor of RBI, said that CBDC will...

Reserve Bank of India plans ‘public repository’ to curb unauthorized digital lending apps

Business

Pradipta Mukherjee

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13 August, 2024

Reserve Bank of India plans ‘public repository’ to curb unauthorized digital lending apps

The RBI plans to create a public repository of digital lending applications deployed by banks and financial institutions, which are...

Reserve Bank of India plans ‘delegated payments’ through UPI

Business

Pradipta Mukherjee

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12 August, 2024

Reserve Bank of India plans ‘delegated payments’ through UPI

The RBI plans to introduce a facility of 'delegated payments' in the UPI to boost digital payments in the country,...

India’s UPI most preferred for retail payments in 2023-24, RBI report says

Business

Pradipta Mukherjee

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9 August, 2024

India’s UPI most preferred for retail payments in 2023-24, RBI report says

India’s UPI has emerged as the most preferred method of retail payments, with a 79.6% share in total volumes of...

India’s digital trade could reach $2.4T by 2047 as digital trade popularity soars: RBI

Business

Pradipta Mukherjee

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8 August, 2024

India’s digital trade could reach $2.4T by 2047 as digital trade popularity soars: RBI

Thanks to the development of seamless payment networks, India's e-commerce and digital trade ecosystem is flourishing, with the Reserve Bank...

Reserve Bank of India: CBDCs may reduce availability of cash deposits with banks

Business

Pradipta Mukherjee

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7 August, 2024

Reserve Bank of India: CBDCs may reduce availability of cash deposits with banks

CBDCs may have the potential to be the future of money, but the Reserve Bank of India points out the...

RBI: Emerging tech driving India’s financial sector transformation despite digital fraud concerns

Business

Pradipta Mukherjee

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31 July, 2024

RBI: Emerging tech driving India’s financial sector transformation despite digital fraud concerns

According to RBI Governor Shaktikanta Das, "The financial landscape in India is undergoing a structural transformation," driven by technological innovations...

India’s digital payments rise 12.6%, RBI-DPI data says

Business

Pradipta Mukherjee

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30 July, 2024

India’s digital payments rise 12.6%, RBI-DPI data says

India’s digital payments rose to 445.50 as of March 2024, compared to 395.57 in March 2023, the Reserve Bank of...

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