RBI: Page 4
Too Premature To Think India Will Replace China In Influencing Global Economic Growth: Raghuram Rajan
The former RBI governor also said that, however, the situation may change going forward as India is already the world's fifth largest economy, it is growing and has the potential to keep expanding
States Should Mainstream Capital Expenditure Planning: RBI
According to the report, the capital spending by states saw a robust 31.7% growth on year at INR 5.89 trillion in FY22
Marching Towards Future Of Money
The central bank defines CBDC as a legal tender in a digital form issued by it. It is the same as a sovereign currency and is exchangeable at 1:1 par with fiat currency
RBI Allows Six Entities To Test Fintech Products To Deal With Financial Frauds
The RBI said it had received nine applications under the fourth cohort, of which six entities have been selected for the 'test phase'
4:1, SC Upholds the Demonetisation Decision
Six years after an eventful night, the Supreme Court upholds the decision and deems the demonetisation "legal"
It Is Important To Have a Common Approach For Crypto Assets: RBI Report
The report also added that various options are being considered internationally in this context
There Is Global Consensus For Use Of E-Currency: RBI Report
RBI is among the pioneers, having launched a CBDC, the e-Rupee, for both wholesale and retail use
Indian Banks' Balance Sheet Grows In Double Digits: Report
The RBI data reportedly revealed that PSBs estimated at 62% of the deposits of the scheduled commercial banks, while on the other hand on loans, they held 58% market share
Credit Card Spends Fall For First Time Since July: RBI Data
The number of transactions per card also declined, in line with the reduction in expenditure per card - at 2.9 transactions versus 3.2 in October
RBI To Promote Innovation In Fintech Sector, Says Shaktikanta Das
RBI governor emphasized that fintech initiatives and startups are the important segments of aspirational India
RBI's Receives Around 13,000 Complaints Against Banks and NBFCs
With the piling grievances of financial customers, RBI receives complaints under its new scheme
RBI's Inflation Mandate Failure Report Cannot Be Made Public: Government
As per reports, an out-of-turn meeting of the monetary policy committee (MPC) of the RBI was held in early November to bat around the report to be sent to the central government for failing to maintain the inflation mandate
RBI Shortlists Seven Global Consultancy Firms To Use AI, ML For Supervisory Functions: Report
On the data collection side, AI and ML technologies are used for real-time data reporting, effective data management and dissemination
Don't Create Fear Psychosis Over Privacy Concerns, Shaktikanta Das On CBDC
Former RBI governor, D. Subbarao has said that anything digital that leaves a footprint can have various solutions
RBI Introduces Single-Block-And-Multiple-Debit Functionality In UPI
Also, RBI has plans to expand the scope of Bharat Bill Payment System (BBPS) to include all categories of payments and collections, both recurring and non-recurring in nature