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Finance Minister Advocates Monthly Meetings For Fintech Regulation menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Banks have to set down the rules of the game vis-a-vis use of AI right now: RBI DG Rabi Sankar thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
A few banks, including SBI, Bank of Baroda, Kotak Mahindra Bank, Yes Bank, HDFC Bank, etc. have introduced UPI interoperability on their digital rupee application. ....
Stablecoins pose existential threat to policy sovereignty, CBDC preferable: RBI thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
In November last year, the RBI introduced a wholesale CBDC pilot and followed it up with a retail pilot in December. At present, the number of banks in the pilot has gone up to 13 from eight banks initially. Sankar said at present, there are 13 lakh users of the CBDC, including 3 lakh merchants. He said getting 10 lakh transactions a day is not a difficult task for the system, pointing to 31 crore transactions on the Unified Payments Interface (UPI) at present. ....