Page-30 of Reserve Bank of India

The Future of Cryptocurrencies in India

A cryptocurrency is an asset held digitally. It is designed as an exchange medium that relies on a strong code which helps keep the financial transactions secure and also controls the generation of additional units. Adding the blockchain allows for ..

RBI liberalises ECB norms by relaxing end-use restrictions

Reserve Bank of India (RBI) has relaxed External Commercial Borrowing (ECB) norms for corporates, non-banking lenders by relaxing end-use restrictions with regard to working capital, general corporate purpose and repayment of rupee loans. This decision was taken after receiving feedback ..

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India Post Payments Bank to be converted into Small Finance Bank

Indian Posts has made a decision to convert India Post Payments Bank into Small Finance Bank. This will enable the Bank to offer small loans to customers. Payment Banks Payments banks were introduced by the Reserve Bank of India (RBI) ..

B P Kanungo assigned to run monetary policy portfolio

The Reserve Bank of India (RBI) has assigned deputy governor B.P. Kanungo to run the monetary policy portfolio after the resignation of fellow deputy governor Viral Acharya. Kanungo would become the 6th member of the RBI’s Monetary Policy Committee, which ..

Utkarsh 2022: finalized by RBI board

The Reserve Bank of India (RBI) board has finalised Three Year Roadmap to improve supervision and regulation, among other functions of central bank. This medium term strategy is named as Utkarsh 2022. Worldwide, all central banks strengthen regulatory and supervisory ..

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RBI finalizes a 3- year roadmap — named Utkarsh 2022

The board of Reserve Bank of India (RBI) has finalized a 3- year roadmap — named Utkarsh 2022 — to improve regulation and supervision of the central bank. This medium term strategy is in line with the global central banks’ ..