Photo: India Today

RBI Announces Wholesale Central Bank Digital Currency

Reserve Bank of India (RBI) is planning to extend wholesale Central Bank Digital Currency (CBDC) as a token for interbank borrowing or call money market, RBI sources said on Tuesday. The pilot in the wholesale segment, known as the Digital Rupee -Wholesale (e₹-W), was launched on November 1, 2022, with the use case being limited to the settlement of secondary market transactions in government securities.

Tue, 05 Sep 2023 - 07:16 PM / by Varsha Joshi

Tags: RBI, Token Money, Central Bank, Wholesale Credit, Business News

Reserve Bank of India

Photo: The Indian Express

RBI Issues Guidelines For Categories Of Digital Lenders To Curb Illegal Activities

The Reserve Bank of India (RBI) issued a set of guidelines in regard to digital lending, listing companies allowed in the business, the rules for loans and data collection, and how the fee is charged. On August 10, the RBI announced the digital lenders, which will be regulated by the RBI and concerned authorities. Furthermore, the regulated guidelines will be helpful to curb illegal activities in digital lending.


Wed, 10 Aug 2022 - 07:15 PM / by Varsha Joshi

Tags: Reserve bank of India, guidelines, Digital Money Lenders, Central Bank, India

Courtesy: Business Standard

Sri Lanka Central Bank Governor

Photo: The Economic Times

Sri Lanka Can Overcome Economic Crisis, Says Nandalal Weerasinghe

Governor of Central Bank of Sri Lanka Nandalal Weerasinghe expressed confidence in overcoming the worst economic crisis, the nation is facing, if functioned independently.  The newly-appointed Governor said, Sri Lankan PM Gotabaya Rajapaksa gave him authority to run the bank without any interference or influence of political angles, and take decisions independently, benefiting the nation and its people. Furthermore, Weerasinghe will have a… read-more

Sun, 10 Apr 2022 - 11:20 AM / by Varsha Joshi

Tags: Sri Lanka, Economic crisis, PM Gotayabaya Rajapaksa, Central Bank, Governor Nandalal Weerasinghe

Courtesy: ANI

RBI governor Shaktikanta Das.

Photo: The Hindu

RBI To Start Trail For First Digital Currency Trail Programme By Dec

In an attempt to digitise the Indian Rupee, India is likely to start the first digital currency trail programmes by the end of 2021, said the RBI's governor Shaktikanta Das. The currency is basically the digital version of hard currency and would be called central bank digital currencies. Under the trial, the RBI will study various aspects such as its security, impact on the financial sector, and Monetary policy.

Sat, 28 Aug 2021 - 06:37 PM / by Brijesh Goswami

Tags: RBI, Digital Rupee, Trail, Digital Currency, Central Bank

Courtesy: CNBC


Photo: Bitcointe

RBI Likely To Launch India's Own Digital Currency In Phases

Deputy Governor of Reserve Bank of India (RBI), T Rabi Sankar, said that the central bank was considering to lunch India's own digital currency in a phased manner, backed by sovereign so that the country can reiterate its position in the payment system field. Sankar also hinted that the RBI's stand on private cryptocurrencies remains unchanged and that if everything is successful, India will enter a new digital era.

Sun, 25 Jul 2021 - 10:46 AM / by Balaji L

Tags: Central Bank, Digital Currency, RBI, India

Courtesy: Tech Crunch

Indian Overseas Bank

Photo: The Financial Express

Next In Line For Privatisation May Be Central Bank, IOB: Sources

The Centre may include the Central Bank of India and Indian Overseas Bank in the next round of privatisation, as per the government sources. Reportedly, the two banks have been suggested by the NITI Aayog, and they are being analysed by the disinvestment and financial services departments. The sources added that "the timeline [for the privatisation of state-run banks] will depend on the legislative changes required."

Mon, 07 Jun 2021 - 04:40 PM / by Nikita Thakur

Tags: business, Privatisation, Niti Aayog, Central Bank, Disinvestment, Indian overseas bank

Courtesy: The Times of India