by AIP Online Bureau | Oct 7, 2022 | Banking & Bancassurance, Indian News, Regulation, Technology
The concept note also discusses key considerations such as technology and design choices, possible uses of the digital rupee, and issuance mechanisms, among others Mumbai: The Reserve Bank on Friday said it will soon commence the pilot launch of e-rupee for specific...
by AIP Online Bureau | Oct 6, 2022 | Banking & Bancassurance, Indian News, Regulation
The supervisory jurisdiction of the RBI extends over banks, urban cooperative banks (UCB), NBFCs, payment banks, small finance banks, local area banks, credit information companies and select all India financial institutions The Reserve Bank is planning to extensively...
by AIP Online Bureau | Sep 30, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Technology
RBI, Governor Shaktikanta Das said there will be ”convergence on standards of data collection and storage” after the move, meaning that such companies will not be able to store details like those of credit and debit cards of a customer Mumbai: Regulations...
by AIP Online Bureau | Sep 30, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Wealth Management/ Philanthropy
RBI retained the inflation projection at 6.7 percent for the current fiscal while slashing the real GDP growth estimate to 7 percent from the earlier forecast of 7.2 percent for FY’23. India’s annual retail inflation rate accelerated to 7% in August,...
by AIP Online Bureau | Sep 25, 2022 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy
Inflation will remain elevated this year and the next, ADB said in an update to its flagship Asian Development Outlook (ADO) 2022 report ”This Update forecasts the inflation rate averaging 6.7 percent in FY2022 (fiscal ending in March 2023) before moderating to...
