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Reserve Bank of India

India finance minister: Digital assets policy needs international collaboration to be effective

Wahid Pessarlay

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23 July, 2022

India finance minister: Digital assets policy needs international collaboration to be effective

The finance ministry does not support RBI's plan to ban digital assets because a decision to ban them will only...

RBI: Chances of India’s ‘cryptoisation’ limited but still need close monitoring

Wahid Pessarlay

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6 July, 2022

RBI: Chances of India’s ‘cryptoisation’ limited but still need close monitoring

The Reserve Bank of India states that digital assets don't pose a significant risk because the market is relatively small,...

RBI collaborating with top banks for blockchain-based trade financing pilot project

Wahid Pessarlay

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29 June, 2022

RBI collaborating with top banks for blockchain-based trade financing pilot project

Top banks currently involved in the pilot include HDFC Bank, ICICI Bank, and State Bank of India (SBI). Axis Bank,...

Reserve Bank of India deputy gov confirms 2023 launch for CBDC

Wahid Pessarlay

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15 June, 2022

Reserve Bank of India deputy gov confirms 2023 launch for CBDC

T. Rabi Sankar's statement echoes the RBI's revelation in its annual report released earlier this month, where it said it...

Reserve Bank of India deputy gov tells IMF: CBDCs can kill digital currencies

Wahid Pessarlay

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12 June, 2022

Reserve Bank of India deputy gov tells IMF: CBDCs can kill digital currencies

Speaking at a webinar series organized by the IMF, RBI Deputy Governor T. Rabi Sankar stated that the Indian central...

Reserve Bank of India lists CBDC introduction as one of major initiatives for 2022-23

Wahid Pessarlay

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1 June, 2022

Reserve Bank of India lists CBDC introduction as one of major initiatives for 2022-23

In its annual report published recently, the Reserve Bank of India proposed a three-stage "graded approach" to introduce a central...

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