RBI Governor: Next Financial Crisis Will Come From Private Cryptocurrencies
RBI Governor, Shaktikanta Das, has predicted that the next financial crisis will happen due to private cryptocurrencies. Speaking at the Business Standard BFSI Insight Summit, Governor Das claimed that those private cryptocurrencies have no “underline” value and pose risks for macroeconomic and financial stability. “Cryptocurrency poses risks for macroeconomic and financial stability. Private cryptocurrencies owe their …
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Raghuram Rajan Former RBI Governor’s Chai Pe Charcha with RaGa
Raghuram Rajan and Rahul Gandhi had an open discussion on the Indian economy, unemployment, farmers’ difficulties, and other topics after participating in the Bharat Jodo Yatra. After spending hours with Rahul Gandhi during the Bharat Jodo Yatra, former RBI Governor Raghuram Rajan sat down with the former head of the Congress party on Wednesday for …
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Yes Bank: RBI Nod For Share Issue
U.S. private equity firms Carlyle Group Inc and Advent International to purchase stake in Yes Bank NSE.
Stock Market : Sensex & Nifty Are in Red
Stock Market: Indian stock markets fell after the Reserve Bank of India announced its monetary policy.
RBI Set To Raise Rates: RBI Monetary Policy
Shaktikanta Das, the Governor of Reserve Bank of India, announced the bi-monthly monetary policy today
Stock Market :Sensex & Nifty Slip Into Red
Markets open in red as Sensex plunges over 100 points at 62,807; Nifty at 18,658. Indian benchmark indices Sensex and Nifty50 started the week on a mixed note, reflecting the mixed openings in Asian markets. SGX Nifty, an early indicator of the direction that market may take, rose 0.17% prior to the markets opening. Benchmark …
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RBI To Launch First Pilot For Retail Digital Rupee
The Reserve Bank of India announced the launch of the first pilot for retail digital Rupee on 1 December 2022. This comes after the apex bank stated on October 31 that the pilot would commence in a month’s time. The digital rupee would be in the form of a digital token that represents legal tender, …
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RBI’s Shocker: Tokenize Your Cards Before 30th
The Reserve Bank of India is unlikely to extend the Friday deadline for businesses to tokenise credit and debit cards. Banking and merchant sources said that despite a demand by smaller merchants, there has been no indication that the central bank would announce an extension beyond September 30. A banker with a state-owned bank told …
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