Reserve Bank of India Archives

India’s YES Bank integrates UPI with digital rupee app for enhanced features

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10 September, 2023

India’s YES Bank integrates UPI with digital rupee app for enhanced features

YES Bank's UPI integration with RBI's CBDC app advances digital rupee adoption, offering seamless transactions, expanding reach, and setting the...

India: Central bank-backed NPCI seeks blockchain expert for Web 3.0 ventures

Business

Wahid Pessarlay

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7 September, 2023

India: Central bank-backed NPCI seeks blockchain expert for Web 3.0 ventures

The National Payments Corporation of India (NPCI) is hiring a Head of Blockchain with blockchain expertise to enhance payments through...

Mukesh Ambani’s Reliance Industries enters blockchain and CBDC space

Business

Wahid Pessarlay

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2 September, 2023

Mukesh Ambani’s Reliance Industries enters blockchain and CBDC space

Reliance's Jio Financial Services to enter digital rupee space with blockchain and CBDCs ahead of India's CBDC launch.

Reserve Bank of India proposes AI-powered conversational instant payments

Business

Steve Kaaru

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17 August, 2023

Reserve Bank of India proposes AI-powered conversational instant payments

Indians will be able to verbally instruct an AI-boosted UPI payments interface to make instant payments for them, in Hindi...

India national web browser project integrates digital tokens

Business

Wahid Pessarlay

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16 August, 2023

India national web browser project integrates digital tokens

The IWBDC will integrate Web3 technology and will soon allow users to digitally sign documents using a token, which would...

India unveils plans to trigger increased CBDC adoption

Business

Wahid Pessarlay

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16 July, 2023

India unveils plans to trigger increased CBDC adoption

India explores other use cases of CBDCs in an attempt to achieve a record of one million daily transactions, with...

India: 6 potential risks of stablecoins for developing economies, according to central bank

Business

Anjali Kochhar

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6 July, 2023

India: 6 potential risks of stablecoins for developing economies, according to central bank

The risks enumerated by the Reserve Bank of India include currency threat of currency substitution, circumvention of capital flow controls,...

India central bank turns to cross-border functionality despite advocating for cautious CBDC development

Business

Wahid Pessarlay

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5 July, 2023

India central bank turns to cross-border functionality despite advocating for cautious CBDC development

The Reserve Bank of India is keen on experimenting with multiple CBDC use cases outside the purview of domestic payments,...

Reserve Bank of India targets 1M CBDC users before end of June 2023

Business

Wahid Pessarlay

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15 June, 2023

Reserve Bank of India targets 1M CBDC users before end of June 2023

To prevent shocking its financial system, the central bank says it will take a "calibrated approach" in launching the digital...

India’s central bank is keen on steering G20 toward macro risks posed by digital currencies

Business

Wahid Pessarlay

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6 June, 2023

India’s central bank is keen on steering G20 toward macro risks posed by digital currencies

While Indian regulators are focused on protecting retail investors, the broader payments ecosystem faces significant risks from digital currencies, according...

India: Financial institutions urged to leverage AI, blockchain for sustainable growth

Business

Wahid Pessarlay

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5 June, 2023

India: Financial institutions urged to leverage AI, blockchain for sustainable growth

Acknowledging the use cases and benefits of using AI and blockchain, Reserve Bank of india’s Mahesh Kumar Jain reiterates the...

Reserve Bank of India’s deputy governor wants to promote CBDCs

Business

Wahid Pessarlay

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10 May, 2023

Reserve Bank of India’s deputy governor wants to promote CBDCs

Rabi Sankar, deputy governor of the Reserve Bank of India, said the ideal way out of the digital currency dilemma...

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