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Digital currency

01 Dec 2022

Digital Rupee 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.

Digital currency

01 Dec 2022

Digital rupee launc today: Full list of cities, banks offering e₹-R service

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).

Digital currency

30 Nov 2022

What is retail digital rupee (e ₹-R) that RBI will launch on Dec 1 for pilot?

The e ₹-R is a virtual token that can be used as a legal tender, according to the RBI. It would be distributed through intermediaries, i.e., banks. It will make the inter-bank market more efficient.

Digital currency

30 Nov 2022

Digital rupee launching tomorrow: List of banks offering e-rupee 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.

Digital currency

07 Nov 2022

Ready 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.

Digital currency

02 Nov 2022

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.

PM Narendra Modi

12 Nov 2021

PM Narendra Modi to launch RBI's innovative customer-centric initiatives today

The scheme is based on `One Nation-One Ombudsman` with one portal, one email and one address for the customers to lodge their complaints There will be a single point of reference for customers to file their complaints, submit the documents, track status and provide feedback

10 Sep 2021

Looking to invest in Bitcoins? RBI has serious and major concerns

India's own digital currency at works. RBI studying feasibility. Pilot project for phased introduction.

Digital currency

01 Sep 2021

India's own digital currency coming soon, how different it is from Bitcoin

India's own digital currency at works. RBI studying feasibility. Pilot project for phased introduction.

Digital currency

23 Jul 2021

India's own digital currency in the offing, RBI working on phased introduction

India's own digital currency at works. RBI studying feasibility. Pilot project for phased introduction.

14 Dec 2020

RBI Gov shares views on inflation, banking sector and more

Das was on Monday interviewed by Zee Business MD. Das spoke regarding the steps taken on strengthening the banks. He discussed issues eclipsing the banks.

18 Nov 2020

Lakshmi 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.

05 May 2020

PSB NPAs likely to rise 2-4% points

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.

05 May 2020

COVID-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.

29 May 2019

Top 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.

29 May 2019

News 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.

29 May 2019

Top 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.

04 Apr 2019

RBI to hold talks with banks on linking home, auto loan with benchmark rates

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.

02 Apr 2019

RBI 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.

08 Mar 2019

White 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.

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