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RBI's digital rupee a "game changer": SBI Chairman Dinesh Khara

The RBI on Thursday announced the launch of a digital rupee retail pilot for a closed user group.

SBI Chairman Dinesh Khara (Mint)
SBI Chairman Dinesh Khara (Mint)
Published on Dec 03, 2022 02:33 PM IST

RBI's first pilot of retail digital Rupee from December 1. What is e -R?

RBI stated that this pilot would cover select locations in closed user group (CUG) involving participating customers and merchants. It has picked four cities and four banks for the first phase of the trial.

The RBI had said that the digital currency can be operated either by a distributed ledger - adopted in the blockchain mechanism.
The RBI had said that the digital currency can be operated either by a distributed ledger - adopted in the blockchain mechanism.
Updated on Nov 29, 2022 05:26 PM IST

RBI says bank credit growth accelerates to 17.2 % in September quarter: Report

"Credit growth remained broad-based: all population groups and bank groups recorded double digit annual growth," the Reserve Bank said while releasing 'Quarterly Statistics on Deposits and Credit of SCBs: September 2022’.

As per RBI data, year-on-year growth in term deposits rose to 10.2 per cent in September 2022.(Mint Archives)
As per RBI data, year-on-year growth in term deposits rose to 10.2 per cent in September 2022.(Mint Archives)
Published on Nov 28, 2022 06:03 PM IST

Forex reserves grow for 2nd consecutive week; rise $2.54 bn to $547.25 bn

In the previous reporting week, the overall kitty had swelled by USD 14.721 billion in the highest weekly rise since August 2021 to USD 544.715 billion.

The gold reserves increased by USD 315 million to USD 40.011 billion.(HT_PRINT)
The gold reserves increased by USD 315 million to USD 40.011 billion.(HT_PRINT)
Published on Nov 25, 2022 06:42 PM IST

"Remain watchful," RBI Governor tells heads of banks amid global headwinds

RBI Governor Shaktikanta Das further stated that despite challenges, the Indian banking sector has remained resilient and continued to improve in various performance parameters.

Governor Das acknowledged the crucial role played by the commercial banks in supporting economic growth.(Mint Archives)
Governor Das acknowledged the crucial role played by the commercial banks in supporting economic growth.(Mint Archives)
Published on Nov 17, 2022 08:37 AM IST
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