Reserve Bank of India Archives

Reserve Bank of India launches country’s first retail CBDC pilot

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4 December, 2022

Reserve Bank of India launches country’s first retail CBDC pilot

Thirteen cities will be covered during the pilot, but at the start date, only Mumbai, New Delhi, Bengaluru, and Bhubaneswar...

India’s central bank to launch retail CBDC pilot in December

Business

Wahid Pessarlay

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25 November, 2022

India’s central bank to launch retail CBDC pilot in December

A number of commercial banks will participate in the project with RBI noting that each financial institution will test the...

Telangana gov’t partners with Reserve Bank of India for Web3.0 regulatory sandbox

Business

Anjali Kochhar

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20 November, 2022

Telangana gov’t partners with Reserve Bank of India for Web3.0 regulatory sandbox

The sandbox aims to help Web 3.0 startups innovate with blockchain, the metaverse, non-fungible tokens (NFTs), and other similar technologies.

India to explore if digital rupee can reduce government securities trading fees

Business

Wahid Pessarlay

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3 November, 2022

India to explore if digital rupee can reduce government securities trading fees

The Reserve Bank of India expects the digital rupee would “pre-empt the need for settlement guarantee infrastructure or for collateral...

India central bank tests e-rupee to stifle digital assets effects

Business

Wahid Pessarlay

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12 October, 2022

India central bank tests e-rupee to stifle digital assets effects

One of the reasons the RBI explores the possibilities of a CBDC is its potential to improve cross-border payments while...

Reserve Bank of India in talks with global financial institutions, local banks on piloting CBDC

Business

Wahid Pessarlay

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10 September, 2022

Reserve Bank of India in talks with global financial institutions, local banks on piloting CBDC

India is eager to kickstart its CBDC trial, partnering with renowned fintech firms to ensure the success of the initiative,...

India awaits global recommendation to ban non-custodial wallets: report

Business

Wahid Pessarlay

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7 September, 2022

India awaits global recommendation to ban non-custodial wallets: report

The finance ministry and the Reserve Bank of India are reportedly in agreement that banning non-custodial digital asset wallets without...

Reserve Bank of India governor says investors heeding warnings against investing in digital assets

Business

Wahid Pessarlay

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28 August, 2022

Reserve Bank of India governor says investors heeding warnings against investing in digital assets

The Reserve Bank of India insisted on banning digital assets due to heightened risks, as it continues to warn potential...

Business

Wahid Pessarlay

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25 August, 2022

India presses ahead with CBDC pilot run on wholesale business

The adoption of CBDCs in India will be conducted in phases on FY 2022-2023, beginning with wholesale businesses, as the...

Kumaraguru Ramanujam: Using Bitcoin SV to send money across borders

Interviews

Sarah Higgs

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4 August, 2022

Kumaraguru Ramanujam: Using Bitcoin SV to send money across borders

Kumaraguru Ramanujam’s application, MoneySwipe, aims to bring down fees for sending money abroad from the current global average of 7%...

Reserve Bank of India approves firm to deploy blockchain solution for cross-border payments

Business

Wahid Pessarlay

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1 August, 2022

Reserve Bank of India approves firm to deploy blockchain solution for cross-border payments

Open Financial Technologies, an India-based neo-banking startup, is set to deploy its blockchain-based cross-border transaction monitoring solution after its approval...

Reserve Bank of India: Phased retail and wholesale CBDC implementation still in the works

Business

Wahid Pessarlay

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26 July, 2022

Reserve Bank of India: Phased retail and wholesale CBDC implementation still in the works

Ajay Kumar Choudhary stated that the RBI would leverage the Union Budget 2022-23 that gives legal backing to the CBDC...

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