Reserve Bank of India News
The Reserve Bank of India is India’s financial authority that has a control over Indian monetary policy and national currency – the Indian rupee. The Reserve Bank of India also stores foreign exchange reserves, maintains inflation control, and regulates banking operations and institutions. The Reserve Bank of India is one of the world’s most important financial authorities because of India’s huge economic influence — due to its exports and GDP. The central bank of India publishes reports on various sides of India’s banking development and its financial indicators. The Reserve Bank of India has issued an e-banking report that studies the risks and opportunities of internet banking, encourages banks to promote and develop their e-banking applications and services, and gives recommendations about the process of it.
Reserve Bank of India Deputy Governor Mahesh Kumar Jain has told Indian bank directors they should “adopt innovative technologies such as AI and blockchain."
Indian banks asked ‘to prepare for the future’ with AI and blockchain
In addition to offline functionality, RBI is gauging CBDC’s potential for cross-border transactions and linkage with legacy systems of other countries.
India explores offline functionality of CBDCs — RBI executive director
One of the banking partners in the cross-border remittance service is also part of the government’s CBDC program.
India expands national payment network to Singapore: What’s in it for crypto?
The central bank of India wants to proceed with CBDC testing in the smoothest way possible, deputy governor Rabi Sankar said.
India in ‘no hurry’ for CBDC as digital rupee pilot onboards 50K users
Reliance Retail has implemented support for the digital rupee in its gourmet store line Freshpik.
Indian retail chain rolls out support for CBDC payments in stores: Report
Reserve Bank of India Governor Shaktikanta Das warned that if crypto becomes regulated and is allowed to grow, it could cause the next financial meltdown.
Crypto could spark the next financial crisis, says India’s RBI head
New York Governor Kathy Hochul signed the moratorium, prohibiting any new mining operations that aren’t based on 100% renewable energy.
First US state to ban nearly all crypto mining: Law Decoded, Nov. 21-28