Tag: Rbi

RBI to launch retail digital rupee e ₹-R. Digital rupee launch on Dec 1 on pilot basis. 8 banks identified for participation in trial.

The retail inflation, which the RBI factors in while deciding its periodic monetary policy, was 4.48 per cent in October 2021.

The Reserve Bank of India (RBI) on Monday announced operationalisation of Digital Currency- Wholesale (e₹-W) Pilot. As per official sources, the Central Bank will commence pilot launches of Digital Rupee (e₹) for the wholesale segment (e₹-W) on November 1, 2022.

In a statement, the RBI said the use case for this pilot is settlement of secondary market transactions in government securities.

The Reserve Bank of India (RBI) and the Centre had already put a lid on the issue way back in 2010.

The Reserve Bank of India (RBI) is looking at a phased implementation strategy to unveil the central bank digital currency (CBDC).

The Associate will help RBI officials in preparing briefs/issue notes/concept notes, themes and key priorities in various areas of India’s upcoming G20 Presidency.

You will benefit from the three new rules implemented by the Reserve Bank of India (RBI) for improving the payment options for cardholders. Now that the RBI rules have been implemented, the safety standards have increased even further for the cardholders.

The Reserve Bank of India hiked its key policy rates, which would in turn result in credit getting costlier in the country.

The Reserve Bank of India (RBI) on Friday announced an increase in the policy repo rate by 50 basis points to 5.9% with immediate effect. RBI Governor Shaktikanta Das made the announcement.   

The RBI has lifted the repo rate by 140 basis points and surplus liquidity has fallen significantly (now $19.1 billion from $89 billion in January 2022), pushing the weighted average call rate to 5 per cent from 3.5 per cent in April.

The company has an annual transaction value of Rs 150,000 crore and a volume of over 10 crore transactions across India.

American Express is a payment system operator authorised to operate card networks in the country under the Payment and Settlement Systems Act, 2007.

The minutes of the August 22 Monetary Policy Committee of the RBI highlights that inflation continues to remain the key concern for the MPC members despite a deceleration in the overall price momentum after a peak of 7.8 per cent recorded in April, Acuite Ratings said in a note.

Digital lending platforms, mainly Chinese apps mushroomed during the Covid-19 pandemic, offering quick loans targeting rural population and unemployed youths, who suffered most.