rbi

Five questions India’s central banker could face at his parliamentary grilling

Five questions India’s central banker could face at his parliamentary grilling

Around three years since the Reserve Bank of India (RBI) began the toxic loan clean-up, Indian banks’ financial health has gone from bad to worse.…
What you should know about the rupee’s slide and what it means for the economy

What you should know about the rupee’s slide and what it means for the economy

The Indian rupee hit a fresh 15-month low against the dollar on May 08. Despite the Reserve Bank of India (RBI) reportedly stepping in to…

Crypto Startup Files Petition Against India's Central Bank Ban

An Indian startup is taking the country's central bank to court over its decision to bar banks from dealing with crypto businesses.

India's Exchanges Want to Challenge Central Bank's Crypto Crackdown

India's cryptocurrency exchanges plan to fight back against the Reserve Bank's decision to cut them off from financial services.

RBI Bars Banks From Doing Business With Crypto Firms

The Reserve Bank of India announced today that the entities it regulates will be banned from dealing with cryptocurrency.
The biggest fraud in Indian banking history just got bigger

The biggest fraud in Indian banking history just got bigger

Punjab National Bank (PNB), India’s second-largest government-owned lender, has said that the quantum of fraud uncovered at one of its Mumbai branches earlier this month…
An Indian bank just uncovered a $1.7 billion fraud at a single branch

An Indian bank just uncovered a $1.7 billion fraud at a single branch

Punjab National Bank (PNB), India’s second-largest government-owned lender, has discovered a fraud worth $1.77 billion at one of its branches in Mumbai. This amount is…
Inside the Indian government’s months-long struggle to curb cryptocurrencies

Inside the Indian government’s months-long struggle to curb cryptocurrencies

India may finally have a set of draft rules for cryptocurrencies by the end of the year, but not before the debate within government circles…
India to be the world’s fastest-growing major economy for the next three years

India to be the world’s fastest-growing major economy for the next three years

GDP growth in India, Asia’s third-largest economy, is set to bounce back to rates exceeding 7% for the next three years, according to the World…
Indian banks are choking bitcoin exchanges by blocking payments and withdrawals

Indian banks are choking bitcoin exchanges by blocking payments and withdrawals

The splash of 2017 may turn into a fight for survival for bitcoin this year in India. As the country’s cryptocurrency exchanges deal with the…
Bitcoin is neither legal nor illegal in India—and everyone’s confused

Bitcoin is neither legal nor illegal in India—and everyone’s confused

Confusion reigns in India’s cryptocurrency ecosystem. The Narendra Modi government and India’s central bank have made it amply clear they aren’t comfortable with virtual currencies.…
A collector of Indian rupee notes believes paper currency will soon be a thing of the past

A collector of Indian rupee notes believes paper currency will soon be a thing of the past

At a time when bitcoin and other cryptocurrencies are drawing attention around the world, talking about paper money may already seem a little anachronistic. Rezwan…
How should India regulate the ticking time bomb called bitcoin?

How should India regulate the ticking time bomb called bitcoin?

Regulators in developing countries around the world have repeatedly expressed concern against the trade of cryptocurrencies like bitcoin. The gold rush, however, remains unabated, attracting…
This couple is asking for only one gift at their wedding: bitcoin

This couple is asking for only one gift at their wedding: bitcoin

Marriages are made in heaven but wedding gifts are surely decided on earth. Unfortunately, many of them end up being boring and mundane, which is…
After China, India’s central bank warns: Beware of bitcoin

After China, India’s central bank warns: Beware of bitcoin

Over the weekend, it was China’s central bank. Then, on Tuesday (Dec. 05), the Reserve Bank of India (RBI) warned investors against betting on bitcoin…
Want a loan? Make sure you’re tweeting the right things

Want a loan? Make sure you’re tweeting the right things

The article that someone tweeted about, posts that they liked on Facebook, and a new phone just bought on an e-commerce site—all these events now…
A year after demonetisation, a mother mourns a baby because a hospital refused her old notes

A year after demonetisation, a mother mourns a baby because a hospital refused her old notes

One recent evening, the laughter of playing children filled the narrow lane leading to Kiran and Jagdish Sharma’s home in the Mumbai suburb of Govandi.…