rbi

India’s central bank wants to open up the payments ecosystem to avoid monopoly risks

India’s central bank wants to open up the payments ecosystem to avoid monopoly risks

The spectre of a “too-big-to-fail” moment in India’s retail payments sector has the central bank worried. And this may soon open the doors to many…
Hike shows why super apps don’t work in India the way they do in China

Hike shows why super apps don’t work in India the way they do in China

In China, WeChat—a mash-up of WhatsApp, Facebook, Instagram, Yelp, Paypal, Twitter, Uber, Kindle, and more—has become an indispensable part of everyday life for people. The…
India’s courts are unlikely to fix the crypto crisis anytime soon

India’s courts are unlikely to fix the crypto crisis anytime soon

The courtroom battle between India’s cryptocurrency exchanges and the central bank is set for its next hearing today—but nobody expects an end to the stalemate.…
PayPal says e-wallets will soon be extinct in India

PayPal says e-wallets will soon be extinct in India

India’s transformation to a cashless economy is beset with difficulties. While the number of payment firms in the country has grown rapidly, the volume of…
India’s central bank is betting on this technology to make online card transactions safer

India’s central bank is betting on this technology to make online card transactions safer

Digital transactions in India are booming—so is cybercrime. And the Reserve Bank of India (RBI) is keenly watching. On Jan. 08, the central bank put…
Is the Indian central bank falling for lobbyists in seeking to widen digital transactions?

Is the Indian central bank falling for lobbyists in seeking to widen digital transactions?

The Reserve Bank of India yesterday (Jan. 08) announced the creation of a five-member committee to facilitate the “deepening of digital payments” in the country.…
With 26,000 queries pending, India’s right to information law is as good as defunct

With 26,000 queries pending, India’s right to information law is as good as defunct

Back in 2014, when the Bharatiya Janata Party (BJP) ascended to power in India, it did so on the promise of running an open government…
India’s Rs2,000 notes were always meant to be phased out

India’s Rs2,000 notes were always meant to be phased out

India’s crisp, pink Rs2,000 notes are a grim reminder of the massive demonetisation exercise prime minister Narendra Modi’s government undertook in November 2016. The overnight…
Narendra Modi’s Indian economy is limping towards the next general elections

Narendra Modi’s Indian economy is limping towards the next general elections

If Narendra Modi was looking for a quick economic turnaround before the general elections later this year, he’d be disappointed. Investments into new projects in…
A global financial body, which includes India, says cryptocurrencies aren’t a threat

A global financial body, which includes India, says cryptocurrencies aren’t a threat

Finally there’s some good news for the Indian cryptocurrency ecosystem—and this one’s from a global financial body. An inter-governmental body that makes recommendations about the…
India’s central bank throws a lifeline at debt-hit small businesses

India’s central bank throws a lifeline at debt-hit small businesses

India’s central bank has doled out a new year’s gift to the country’s small enterprises reeling from the double whammy of demonetisation and the goods…
Narendra Modi says he cleansed the Indian economy and now it is primed for growth

Narendra Modi says he cleansed the Indian economy and now it is primed for growth

Narendra Modi hasn’t wasted any time. The Indian prime minister began 2019, a year he will be seeking re-election, with a broad defence of even…
No timeline for regulations, India’s cryptotraders cap 2018 with more bad news

No timeline for regulations, India’s cryptotraders cap 2018 with more bad news

If India’s battered cryptocurrency ecosystem expected regulatory clarity anytime soon, then it is set for disappointment. The Indian parliament was informed last week that the…
Ten events that rocked India’s banking industry in 2018

Ten events that rocked India’s banking industry in 2018

When the over 150-year-old US investment bank Lehman Brothers went bust in September 2008, it sparked a global financial crisis and a gradual erosion of…
Battered and bruised Indian cryptotraders have all their hopes pinned to 2019 now

Battered and bruised Indian cryptotraders have all their hopes pinned to 2019 now

Even as authorities tightened the noose and prices plummeted, “how to invest in bitcoin” remained one of the most searched terms on Google India in…
India throws another lifeline at its struggling government banks

India throws another lifeline at its struggling government banks

India wants to expedite the process of pulling its ailing state-owned banks out of the woods. The government will soon seek parliament’s nod to sanction…
S&P warns of disastrous consequences if Indian central bank loses its autonomy

S&P warns of disastrous consequences if Indian central bank loses its autonomy

Global credit-rating agencies are sounding caution against the perceived threat to the Indian central bank’s autonomy. S&P Global Ratings yesterday (Dec. 17) warned that the…
Charted: Narendra Modi’s big bad jobs problem ahead of India’s 2019 elections

Charted: Narendra Modi’s big bad jobs problem ahead of India’s 2019 elections

The spectre of jobless growth is haunting India. Despite being the world’s fastest-growing major economy, India’s employment rate declined from 43.5% in January 2016 to…
This NRI came back to India, only to leave again in frustration

This NRI came back to India, only to leave again in frustration

This question originally appeared on Quora: How is life moving back to India after living in the US for very long on an H-1B? Answer…
After world-renowned economists, India’s handing its central bank to a history major

After world-renowned economists, India’s handing its central bank to a history major

In recent times, on issues ranging from bad loans to interest rates, India’s central bank and its government have not met eyes. But Shaktikanta Das,…