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eRupee CBDC Has Amassed 5 Million Users in Retail Pilot, Set for More Programmability: RBI Governor
RBI Governor Shaktikanta Das claimed on Monday that in its pilot stage, the eRupee had managed to amass five million users. Das was speaking at a conference in Bengaluru.
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Cryptocurrencies Are ‘Complete Fraud’, Citron Research Founder Andrew Left Says
Citron Research founder Andrew Left on Monday called cryptocurrencies a “fraud”. Speaking at a conference about fraud financial markets where he saw potential fraud, Left said "I think crypto is just complete fraud, over and over and over." One of the world’s best known short sellers, Left did not reveal whether he had any investments in cryp...
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"Do Not Want To Take Any Abrupt, Rough Action...": RBI Governor
Highlights and top comments from RBI Governor Shaktikanta Das' press conference on Wednesday after hiking the key repo rate by 50 basis points.
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India’s CBDC Use-Cases Being Explored for ‘Several Commercial Purposes’ Says Nirmala Sitharaman
India is looking at expanding payment options with its Digital Rupee. The country is exploring potential use cases where its CBDC could come in handy. The development was spoken about by Finance Minister Nirmala Sitharaman during a business conference in San Francisco recently.
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RBI Won't Do Anything That Goes Against Russia's Economic Sanctions, Says Shaktikanta Das: 10 Points
Reserve Bank of India Governor Shaktikanta Das addressed a host of issues while interacting with the media in the customary post-monetary policy review press conference, which was being after two years. Right from hinting at changing the accomodative policy stance, to pondering over how the impact of the Russia-Ukraine war influenced the central to...
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RBI Governor Says GDP Growth Expected To Remain In Negative Territory In 2020-21: Highlights
RBI Governor Shaktikanta Das announced the second cut in the repo rate - or the key interest rate at which the RBI lends funds to commercial banks - this year.
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IMF Growth Projection For India Highest Among G20: RBI Governor Shaktikanta Das
Today is the second time the RBI Governor is addressing the media since the nationwide lockdown imposed by the Centre to curb the coronavirus pandemic.
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Sensex Jumps Over 1,100 Points, Nifty Touches 9,300 Amid Gains In Global Markets
RBI Governor Shaktikanta Das is scheduled to address a press conference at 10 am.
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Coronavirus Pandemic Can Affect Economic Activity In India: Shaktikanta Das
RBI Governor Shaktikanta Das said on Monday that the coronavirus pandemic can affect the economic activity in the country. Addressing a press conference amid the coronavirus outbreak, the RBI Governor said sectors such as tourism, airlines, hospitality and trade are already suffering due to the fallout of the coronavirus outbreak.
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RBI Governor To Hold Press Conference At 4 PM Amid Covid-19 Panic
There are speculations that Mr Das may announce a rate cut.If it happens, this will be first inter-meeting rate reduction since the monetary policy committee was instituted in February 2016.
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RBI Reviewing Monetary Policy Framework Change: Shaktikanta Das
"The monetary policy framework is in operation for the last three years. We are reviewing and analysing it internally as to how the MPC framework has worked. At an appropriate time, if required, we'll have discussion with the government," the RBI governor said at a media conference after he met the Finance Minister on the customary Budget briefing.
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Nirmala Sitharaman Assures PMC Bank Clients, Says Will Talk To RBI Chief
Finance Minister Nirmala Sitharaman said she will speak with the RBI Governor this evening over the distress of depositors of Punjab Maharashtra Co-operative (PMC) Bank. She met a group of angry customers of the cooperative bank in Mumbai this afternoon just before addressing a press conference.
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RBI Chief Urjit Patel Says State Banks Need More Capital
Extra capital will need to be raised in several ways, including raising funds from the market and through the government diluting its stake in state-run banks, Mr Patel told a conference in Mumbai.
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Opinion: In RBI's Spat With New Delhi, Reform Is The Victim
During the Reserve Bank of India's press conference last week, one exchange stood out. Asked about a meeting scheduled by the federal Ministry of Finance in New Delhi to discuss the RBI's policy, the governor of India's central bank, Urjit Patel, replied: "The meeting did not take place. All the MPC members declined the request of the finance minis...
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RBI Actively Preparing for Next Steps In Resolving Bad Loans, Says Governor Urjit Patel
The RBI said in a statement that though risks are evenly balanced around the inflation trajectory at the current juncture, there are upside risks to the baseline projection.
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eRupee CBDC Has Amassed 5 Million Users in Retail Pilot, Set for More Programmability: RBI Governor
RBI Governor Shaktikanta Das claimed on Monday that in its pilot stage, the eRupee had managed to amass five million users. Das was speaking at a conference in Bengaluru.
-
Cryptocurrencies Are ‘Complete Fraud’, Citron Research Founder Andrew Left Says
Citron Research founder Andrew Left on Monday called cryptocurrencies a “fraud”. Speaking at a conference about fraud financial markets where he saw potential fraud, Left said "I think crypto is just complete fraud, over and over and over." One of the world’s best known short sellers, Left did not reveal whether he had any investments in cryp...
-
"Do Not Want To Take Any Abrupt, Rough Action...": RBI Governor
Highlights and top comments from RBI Governor Shaktikanta Das' press conference on Wednesday after hiking the key repo rate by 50 basis points.
-
India’s CBDC Use-Cases Being Explored for ‘Several Commercial Purposes’ Says Nirmala Sitharaman
India is looking at expanding payment options with its Digital Rupee. The country is exploring potential use cases where its CBDC could come in handy. The development was spoken about by Finance Minister Nirmala Sitharaman during a business conference in San Francisco recently.
-
RBI Won't Do Anything That Goes Against Russia's Economic Sanctions, Says Shaktikanta Das: 10 Points
Reserve Bank of India Governor Shaktikanta Das addressed a host of issues while interacting with the media in the customary post-monetary policy review press conference, which was being after two years. Right from hinting at changing the accomodative policy stance, to pondering over how the impact of the Russia-Ukraine war influenced the central to...
-
RBI Governor Says GDP Growth Expected To Remain In Negative Territory In 2020-21: Highlights
RBI Governor Shaktikanta Das announced the second cut in the repo rate - or the key interest rate at which the RBI lends funds to commercial banks - this year.
-
IMF Growth Projection For India Highest Among G20: RBI Governor Shaktikanta Das
Today is the second time the RBI Governor is addressing the media since the nationwide lockdown imposed by the Centre to curb the coronavirus pandemic.
-
Sensex Jumps Over 1,100 Points, Nifty Touches 9,300 Amid Gains In Global Markets
RBI Governor Shaktikanta Das is scheduled to address a press conference at 10 am.
-
Coronavirus Pandemic Can Affect Economic Activity In India: Shaktikanta Das
RBI Governor Shaktikanta Das said on Monday that the coronavirus pandemic can affect the economic activity in the country. Addressing a press conference amid the coronavirus outbreak, the RBI Governor said sectors such as tourism, airlines, hospitality and trade are already suffering due to the fallout of the coronavirus outbreak.
-
RBI Governor To Hold Press Conference At 4 PM Amid Covid-19 Panic
There are speculations that Mr Das may announce a rate cut.If it happens, this will be first inter-meeting rate reduction since the monetary policy committee was instituted in February 2016.
-
RBI Reviewing Monetary Policy Framework Change: Shaktikanta Das
"The monetary policy framework is in operation for the last three years. We are reviewing and analysing it internally as to how the MPC framework has worked. At an appropriate time, if required, we'll have discussion with the government," the RBI governor said at a media conference after he met the Finance Minister on the customary Budget briefing.
-
Nirmala Sitharaman Assures PMC Bank Clients, Says Will Talk To RBI Chief
Finance Minister Nirmala Sitharaman said she will speak with the RBI Governor this evening over the distress of depositors of Punjab Maharashtra Co-operative (PMC) Bank. She met a group of angry customers of the cooperative bank in Mumbai this afternoon just before addressing a press conference.
-
RBI Chief Urjit Patel Says State Banks Need More Capital
Extra capital will need to be raised in several ways, including raising funds from the market and through the government diluting its stake in state-run banks, Mr Patel told a conference in Mumbai.
-
Opinion: In RBI's Spat With New Delhi, Reform Is The Victim
During the Reserve Bank of India's press conference last week, one exchange stood out. Asked about a meeting scheduled by the federal Ministry of Finance in New Delhi to discuss the RBI's policy, the governor of India's central bank, Urjit Patel, replied: "The meeting did not take place. All the MPC members declined the request of the finance minis...
-
RBI Actively Preparing for Next Steps In Resolving Bad Loans, Says Governor Urjit Patel
The RBI said in a statement that though risks are evenly balanced around the inflation trajectory at the current juncture, there are upside risks to the baseline projection.
