The Digital Rupee, officially known as Central Bank Digital Currency (CBDC), is a digital version of India’s physical ...

Axis Bank’s mobile app, Axis Mobile Digital Rupee, will not be available from Friday through Sunday. The private sector ...

According to estimates, UPI was used to make 65 per cent of digital payments in India. It processed 1,200 crore transactions ...

NPCI reports UPI servers down, causing transaction failures; working to resolve issue, impacting over 2,000 users.

COVID-19 was the biggest test for the Indian banking sector as it exacerbated pre-existing challenges. The sector was already burdened with substantial bad loans, and the pandemic further pushed ...

Former RBI Deputy General and Axis Bank's non-executive chairperson ... emerging areas such as DeFi, CBDC, and Web3," she added. "We're here not to add to regulations but set the right standards for ...

India Fintech Foundation (IFF) was officially launched at Startup Mahakumbh as a proposed self-regulatory organization for ...

VINCENNES - On a chilly, windy night in Knox County, Head Coach Zach Barrett's Princeton Community Tigers, the No. 12-ranked team in the Indiana High School Baseball Coaches Association Class 3A ...

The higher-than-expected tariffs reinforce our view of three more rate cuts from the RBI, to a terminal rate of 5.50%, British multinational bank Barclays said in a report Mumbai: The higher-than ...

and is borne by the banks. For medium- and long-term deposits, the rate of interest was decided by the government, in consultation with the RBI and borne by the Central government. Gold Monetisation ...

Here’s a quick timeline: In July 2021, RBI officially announced it was exploring a Digital Rupee. By February 2022, Finance Minister Nirmala Sitharaman confirmed that CBDC would be introduced in ...

This shall be effective from May 1, 2025," the RBI said in a circular. Currently, banks are allowed to charge ₹21 per transaction, after a customer exhausts the free transaction limit.