RBI Retail Digital Rupee pilot project launched in India -- Here's understanding e₹-R in 10 Key points
Eight banks have been identified for phase-wise participation in RBI Retail Digital Rupee pilot. The first phase will begin with four banks, viz., State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank in four cities across the country. Four more banks, viz., Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank will join this pilot subsequently.
Dec 01, 2022, 10:55 AM ISTRBI Retail Digital rupee launching today, December 1: Check full list of cities, banks offering digital wallet transaction
Users will be able to transact with e₹-R through a digital wallet offered by the participating banks and stored on mobile phones / devices. Transactions can be both Person to Person (P2P) and Person to Merchant (P2M).
Dec 01, 2022, 08:44 AM ISTExplained: What is retail digital rupee (e ₹-R) that RBI will launch on Dec 1 for pilot project?
The e ₹-R is a virtual token that can be used as a legal tender, according to the RBI. It would be issued in the same denominations that paper currency and coins are currently issued. It would be distributed through intermediaries, i.e., banks.
Nov 30, 2022, 21:34 PM ISTRBI Retail Digital rupee launching tomorrow, December 1: Check full list of banks offering digital wallet transaction
The e₹-R would be in the form of a digital token that represents legal tender. It would be issued in the same denominations that paper currency and coins are currently issued. It would be distributed through intermediaries, i.e., banks.
Nov 30, 2022, 13:35 PM ISTReady to deal in digital rupee? Find out what exactly it is
The RBI defines the CBDC as the legal tender issued by a central bank in a digital form. It is the same as a sovereign currency and is exchangeable one-to-one at par with the fiat currency.
Nov 07, 2022, 11:39 AM ISTRBI launches Digital currency pilot project: What is Digital Rupee how different it is from other cryptocurrency
RBI has said that the first pilot in Digital Rupee - Retail segment (e₹-R) is planned for launch within a month in select locations in closed user groups comprising customers and merchants.
Nov 02, 2022, 09:28 AM ISTPM Narendra Modi to launch RBI's innovative customer-centric initiatives today
As per the Prime Minister`s Office, PM Modi will launch the initiatives at 11 am on Friday via video conferencing. "These initiatives are the RBI Retail Direct Scheme and the Reserve Bank - Integrated Ombudsman Scheme," PMO in a release said.
Nov 12, 2021, 06:19 AM ISTLooking to invest in Bitcoins? RBI has serious and major concerns, read what Governor Shaktikanta Das says
The Reserve Bank of India Governor Shaktikanta Das has said the central bank continues to have "serious and major" concerns about the cryptocurrencies like Bitcoin and has conveyed them to the government, adding that it is for the government to take a call on what to do in the matter.
Sep 10, 2021, 13:22 PM ISTIndia's own digital currency coming soon, know how different it is from other cryptocurrencies
Digital currency is the same as currency issued by a central bank but takes a different form than paper (or polymer).
Sep 01, 2021, 13:48 PM ISTIndia's own digital currency in the offing, RBI working on phased introduction
Central bank digital currency is the same as currency issued by a central bank but takes a different form than paper. It is sovereign currency in an electronic form and it would appear as liability (currency in circulation) on a central bank’s balance sheet.
Jul 23, 2021, 17:28 PM ISTRBI Governor Shaktikanta Das shares views on inflation, banking sector and more with ZeeBiz MD Anil Singhvi
The RBI while sharing his views on the baning sector and some recent bank failures said that the central bank has taken some big steps towards keeping a close watch on the banks.
Dec 14, 2020, 17:56 PM ISTLakshmi Vilas Bank in crisis, Withdrawal limited to Rs 25,000
In a big development, the RBI on Tuesday placed Tamil Nadu-based private sector lender Lakshmi Vilas Bank under moratorium till December 16 this year. The RBI also and capped withdrawal at Rs 25,000 for one month.
Nov 18, 2020, 12:46 PM ISTPSB NPAs likely to rise 2-4% points; may push govt to recapitalise via RBI reserves, bonds: Report
The consolidated fiscal deficit target is likely to overrun by 2 percentage points due to stimulus spends, lower tax receipts and dip in divestments, and will have to look for different ways of raising resources for recapitalisation, analysts at Bank of America said.
May 05, 2020, 14:10 PM ISTCOVID-19: NBFCs ask RBI for one-time restructuring of all loans till Mar 2021
Last month, RBI had asked banks and NBFCs to maintain provisions of up to 10 per cent on all accounts that are at least 1 day past due and where a moratorium has been granted. The provision will be spread over two quarters - March, 2020 and June, 2020.
May 05, 2020, 12:50 PM ISTTop 25 News: Watch top news stories of the day
This segment of Zee News brings top 25 news stories of the day. Watch this video to know the latest news.
May 29, 2019, 08:52 AM ISTNews 50: Watch top news stories of the day
This segment of Zee News brings top news stories of the day. Watch this video to know more.
May 29, 2019, 08:34 AM ISTTop 25 News: Watch top news stories of the day
This segment of Zee News brings top 25 news stories of the day. Watch this video to know the latest news.
May 29, 2019, 08:08 AM ISTRBI to hold more talks with banks on linking home, auto loans with external benchmark
In December 2018, the RBI had proposed that floating interest rates on personal, home, auto and micro and small enterprises (MSEs) loans should be linked to external benchmarks like repo rate or treasury yields, from April 1, 2019.
Apr 04, 2019, 17:22 PM ISTRBI reshuffles lead bank responsibilities post banks merger
Amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda has been notified on January 2, 2019.
Apr 02, 2019, 11:11 AM ISTWhite label ATM operators allowed to source cash directly from RBI
The RBI also permitted WLA operators to source cash from any bank, including cooperatives and regional rural banks.
Mar 08, 2019, 10:31 AM IST