Path forward for digital assets

Ripple, an enterprise blockchain solution for global payments, has announced the launch of a policy paper titled “The Path Forward for Digital Assets Adoption in India”. Continue Reading

RBI to regulate non-bank payments aggregators

The Reserve Bank will from now on regulate non-bank payments aggregators.
Besides, existing non-bank PAs will be required to submit application seeking for authorisation on or before 30 June 2021. Continue Reading

India Inc’s foreign borrowings plunge over 68% in April: RBI

A data from the Reserve Bank of India (RBI) has said overseas borrowings  by Indian companies fell 68.5 per cent to USD 996.04 million in April. Continue Reading

For first time, India’s foreign exchange reserves cross $500 billion

For the first time, India’s foreign exchange reserves crossed the half-a-trillion dollar mark after it surged by a massive $8.22 billion in the week ended 5 June due to higher foreign inflows. Continue Reading

RBI ramps up economic support; cuts interest rates

The Reserve Bank of India (RBI) today slashed interest rates, extended moratorium on loan repayments and allowed banks to lend more to corporates in an effort to support the economy which is likely to contract for the first time in over four decades. Continue Reading

RBI promises all steps to ensure adequate liquidity in system

The Reserve Bank of India Governor Shaktikanta Das today said the central bank will ensure adequate liquidity in the system to ease the financial stress caused by the Covid-19 pandemic. Continue Reading

RBI to allocate Rs 50,000 cr to small NBFCs

Reserve Bank of India Governor Shaktikanta Das today announced targeted long term repo operations to the tune of Rs 50,000 crore to begin with. Based on our how the market uses it the RBI may scale up the amount, he said. Continue Reading

“Great lockdown to lead to global GDP loss of US$ 9 trillion”

Reserve Bank of India (RBI) Governor Shaktikanta Das today said that IMF Economic Counsellor has named it “The Great lockdown” estimating cumulative loss to global GDP over 2020-21 at around 9 trillion US dollars, which is greater than the economies of Japan and Germany combined. Continue Reading