RBI set to launch first pilot of retail digital rupee on December 1
The Reserve Bank of India (RBI) announced on Tuesday that the first retail digital rupee or e-rupee or e₹ pilot will begin on December 1. To begin, the RBI has…
RBI asks Paytm to reapply for license as payment aggregator
The Reserve Bank of India (RBI) has refused to grant Paytm Payments Services (PPSL) a payment aggregator license, the business said on November 26 to the stock exchanges. The subsidiary…
RBI launches digital rupee first pilot of wholesale CBDC
The Reserve Bank of India (RBI) said on Monday that the first pilot of the central bank digital currency (CBDC), the digital rupee, will begin on November 1. This pilot’s…
RBI issues concept note on digital currency e-rupee, pilot launch soon
The Reserve Bank of India issued a concept note on its digital currency on Friday, stating that the pilot rollout of the e-rupee for specified use cases will begin soon.…
RBI hikes repo rates by 50 bps in Monetary Policy
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) voted on Friday to raise the repo rate by 50 basis points (bps) to 5.9 percent with immediate…
RBI might hike rates by 50 basis points
With the Federal Reserve raising interest rates by 75 basis points (bps) in September to bring the target range to 3-3.25 percent, Indian experts believe the Reserve Bank of India…
RBI directs Mahindra Finance to discontinue its use of third-party recovery agents
The Reserve Bank of India (RBI) forbade Mahindra Finance from carrying out any recovery or repossession action through outsourcing arrangements on Thursday. But the bank regulator said that the company…