RBI may pilot digital currency in the first quarter of next year
The Reserve Bank of India may do a pilot of its central bank digital currency in the first quarter of the next fiscal year. While many see CBDCs as a…
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RBI Panel proposes a separate law to combat Illegal Digital Lending
The recommendations include subjecting the Digital Lending Apps to a verification process by a nodal agency to be set up in consultation with stakeholders and setting up a Self-Regulatory Organisation…
Crypto market participant numbers are highly exaggerated : RBI Gov, ShaktiKanta Das
The numbers of Indians trading in cryptocurrencies look highly exaggerated, Reserve Bank of India governor Shaktikanta Das said on Wednesday while highlighting once again his concerns over the proliferation of…
RBI – India’s foreign exchange reserves is up by $7.78 billion and now stands at a record high of $568.49 billion
RBI data says that week ending November 6th has shown a record jump in India’s forex reserves. RBI has said that this jump can be attributed to an increase in foreign current assets (FCAs).
RBI also said that gold reserves saw a $1.328 billion gain to end the week at $37.587 billion.
RBI allows NBFCs to tie up with Banks and co-lend to priority sector
The Reserve Bank of India (RBI) has permitted all registered non-banking finance companies (NBFCs) to enter into tie-ups with commercial banks and co-lend loans to the priority sector.
Under this newly revised guideline called ‘Co-Lending Model’, all NBFCs shall be required to retain a minimum of 20% share of the loan.
Priority sector refers to economically weaker sections of the economy.
RBI Ban didn’t deter these crypto-exchanges #Jugaad #
Remember the April circular from The Reserve Bank of India (RBI) barring Indian banks from dealing with crypto-currency exchanges? Not much of a dead-end for players who prefer back-end tunnels…
