RBI: Page 4

News and Trends

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

News and Trends

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

Finance

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

News and Trends

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'

News and Trends

4:1, SC Upholds the Demonetisation Decision

Six years after an eventful night, the Supreme Court upholds the decision and deems the demonetisation "legal"

News and Trends

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

News and Trends

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

News and Trends

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

News and Trends

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

News and Trends

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

News and Trends

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

News and Trends

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

News and Trends

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

News and Trends

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

News and Trends

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