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RBI favours prohibition of unbacked crypto assets

RBI favours prohibition of unbacked crypto assets

by AIP Online Bureau | Dec 30, 2022 | Eco/Invest/Demography, Regulation, Technology, Wealth Management/ Philanthropy

The framework proposes that authorities should have appropriate powers, tools and resources to regulate, supervise, and oversee crypto assets activities and markets, both domestically and internationally, proportionate to the financial stability risk they pose,”...

Retail loans can become a source of systemic risk, warns RBI

by AIP Online Bureau | Dec 27, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management

‘Empirical evidence suggests that a build-up of concentration in retail loans may become a source of systemic risk,” the RBI said in its trends and progress in banking report for FY22 Mumbai: Retail loans, long considered a panacea for the banking system,...

India’s digital economy grew 2.4 times faster than Indian economy: RBI Report

by AIP Online Bureau | Dec 20, 2022 | Data, Eco/Invest/Demography, Technology

In absolute terms, the size of the digital economy has grown from USD 107.7 billion in 2014 to USD 222.5 billion in 2019. Mumbai: India’s digital economy grew 2.4 times faster than the economy between 2014 and 2019 generating around 62.4 million jobs, said a paper...

RBI shortlists 7 global consultancy firms to use AI, ML to improve regulatory supervision

by AIP Online Bureau | Dec 12, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation

On the data collection side, AI and ML technologies are used for real-time data reporting, effective data management and dissemination For data analytics, these are being used for monitoring supervised firm-specific risks, including liquidity risks, market risks,...
RBI Deputy Guv Rabi says whatever data on crypto is available is misleading

RBI Deputy Guv Rabi says whatever data on crypto is available is misleading

by AIP Online Bureau | Dec 11, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

Data is not available. Whatever data is available is misleading. And making regulations in the absence of adequate information carries a high probability of us ending up with the wrong set of prescriptions,” T Rabi Sankar said at a virtual conference hosted by...
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