by AIP Online Bureau | May 6, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Regulation, Technology
“We have leveraged the existing merchant infrastructure on the UPI to facilitate CBDC transactions…while the number of transactions have reached a high of 1 million (10 lakh) a day, we still see preference for UPI among the retail users. We of course hope that this...
by AIP Online Bureau | Apr 23, 2024 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography, Regulation, Risk Management
Supply shocks play a significant role in shaping inflation dynamics, with first and second-round effects exerting distinct but interconnected influences on prices and economic activity. The first-round effects typically manifest as immediate changes in the prices of...
by AIP Online Bureau | Apr 16, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology
The RBI said that given the growth in digital transactions and the significant role that PAs play in this space, the current directions on PAs are proposed to be updated and cover, inter alia, KYC and due diligence of merchants, operations in Escrow accounts, and...
by AIP Online Bureau | Apr 8, 2024 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Indian News, Regulation, Risk Management
Climate change directly impacts inflation through adverse weather events affecting agricultural production and global supply chains, climate change could impact the natural rate of interest, and the after-effects of climate change might weaken the transmission of...
by AIP Online Bureau | Apr 5, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Regulation, Risk Management, Technology
Reserve Bank of India deputy governor T Rabi Sankar said there are 46 lakh users and 4 lakh merchants transacting in CBDC right now, and added that as the acceptance of CBDC grows, there has been a growth in the P2M, or peer-to-merchant, transactions Mumbai: The...
