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GRAP 4 restrictions reimposed in Delhi as air quality dips to 'severe' category | 39 ministers included in Devendra Fadnavis-led Maharashtra cabinet | People who raise questions on EVMs should show how they can be hacked: TMC trashes Congress claims | Bangladesh likely to hold national polls in late 2025 or early 2026, says Yunus in Victory Day speech | Constitution stood test of time: Nirmala Sitharaman in Rajya Sabha | PM Museum requests Rahul Gandhi to return Pandit Nehru's historical letters | Indian tabla maestro Zakir Hussain dies at 73 in San Francisco, confirms family | Kolkata woman strangled, beheaded and chopped into pieces for refusing brother-in-law's advances | Arvind Kejriwal, CM Atishi to contest Delhi polls from current constituencies | Atul Subhash suicide case: Wife Nikita, her mother and brother arrested
Union Bank of India integrates CBDC with UPI to offer interoperability

Union Bank of India integrates CBDC with UPI to offer interoperability

Sep 09, 2023, at 01:51 am

Mumbai: Public Sector Bank (PSB) Union Bank of India on Friday announced the launch of interoperability of India’s Central Bank Digital Currency with UPI under the aegis of RBI.

RBI begins digital rupee pilot in four cities

RBI begins digital rupee pilot in four cities

Dec 01, 2022, at 11:06 pm

Mumbai/IBNS: Reserve Bank of India's (RBI) retail central bank digital currency (CBDC) pilot kicked off on Thursday (Dec. 1), a month after India's central bank launched the wholesale version for the same. 

Internationalisation of CBDC can address transborder payment issues, says RBI Deputy Governor

Internationalisation of CBDC can address transborder payment issues, says RBI Deputy Governor

Sep 07, 2022, at 11:10 pm

RBI deputy governor T Rabi Sankar Wednesday said in New Delhi that internationalisation of CBDC was crucial to addressing the problems faced by international bodies in cross border payments, media reports said.

Need for CBDC emerged due to threat posed by stablecoins: RBI Deputy Governor

Need for CBDC emerged due to threat posed by stablecoins: RBI Deputy Governor

Apr 09, 2022, at 05:38 pm

Mumbai: RBI deputy governor T Rabi Sankar has said that stablecoins —cryptocurrencies pegged to stable assets such as gold or dollar are a bigger cause of worry for economies as it increases the risk of dollarisation.

RBI to take 'calibrated and nuanced' approach towards CBDC

RBI to take 'calibrated and nuanced' approach towards CBDC

Apr 09, 2022, at 03:25 am

Mumbai: The Reserve Bank of India (RBI) is all set to start testing and running pilot projects of Central Bank Digital Currency (CBDC) after legislative enablement by the Centre, RBI Deputy Governor T. Rabi Shankar said in a post monetary policy committee press conference.