rbi innovation hub

NEW DELHI: Central bank digital currency (CBDC), to be launched this year, could become a tool for reducing time and cost for cross-border transactions, Reserve Bank deputy governor T Rabi Sankar said on Wednesday. The RBI has proposed to…

The Reserve Bank of India in its annual report released on Friday, may 27, said it was going to take the path of a “graded approach” towards the introduction of the Central Bank Digital Currency. It said that the design of the central…

Chennai: The deep-tech startup hub spearheaded by IIT Madras Incubation Cell (IITMIC) and RBI Innovation Hub (RBIH), a wholly owned subsidiary of Reserve Bank of India, on Wednesday signed a Memorandum of Understanding (MoU) to work…

UPI transactions in India, which is the leading instrument for the consumer FinTech sector in the country, stands at a juncture to grow at 22 percent cumulative growth rate to hit total transaction volume of Rs 6.2 lakh crore (USD 84…