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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Anything that an average user can achieve with the e-rupee, they can already do with UPI. But there is a different purpose altogether for the digital currency.
Over the past week, fintech companies like Mobikwik and Cred announced that they were launching e-rupee wallets. The e-rupee, or the “e₹”, is a central bank digital currency issued by the Reserve Bank of India. While the central bank touts many reasons for its introduction and use, there aren’t any convincing reasons for most users to adopt it yet.
Curiously, this announcement from the two fintech companies came shortly after US President Donald Trump published an executive order that effectively banned the formation of a digital dollar or any kind of CBDC based on the American currency. In his order, …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
