🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Cryptos pose huge risks for emerging eonomies: RBI Governor
Inc42
·
1y ago
Medial
Reserve Bank of India (RBI) Governor, Shaktikanta Das, has reiterated the central bank's stance on cryptocurrencies, stating that digital currencies pose significant risks for emerging economies. Das opposes the widespread acceptance of cryptocurrencies and has previously called for a ban on virtual digital assets. However, he mentioned that the RBI plans to conduct pilots for the wholesale central bank digital currency (CBDC), e-rupee. Additionally, Das praised the Unified Payments Interface (UPI) as one of the best payment systems globally, dismissing accusations of monopoly and expressing ambition for UPI to become a world leader in the payments ecosystem.
View Source
Related News
Cryptocurrencies pose risks to EMs, India's stand remains unchanged - cenbank chief
Reuters
·
1y ago
Medial
The Reserve Bank of India (RBI) Governor, Shaktikanta Das, has warned that cryptocurrencies can pose significant risks to emerging markets. Despite wider acceptance in other countries, the central bank's position on cryptocurrencies remains unchanged. Das highlighted the benefits of central bank digital currency, or e-rupee in India's case, and mentioned that the RBI is working on programmability to enable cash transfers. The central bank also plans to conduct pilots for using the e-rupee in new segments in the wholesale space. Furthermore, the RBI is exploring model-based artificial intelligence lending by financial entities.
View Source
RBI to remain 'agile & proactive' in policy action amid evolving global situation: RBI Governor
YourStory
·
3m ago
Medial
Amid global uncertainties, RBI Governor Sanjay Malhotra stresses the need for the central bank to remain "agile and proactive" in its policy actions. While acknowledging India's economic resilience, he warns of potential risks from an unpredictable global environment. The RBI plans to continue monitoring economic conditions and adapt promptly. Although inflation projections have improved, uncertainties and weather disturbances pose risks. Malhotra also highlights stable Indian financial markets and future plans to expand access to FX Retail.
View Source
RBI Monetary Policy Meeting: Gov Malhotra maintains India’s GDP growth projection for 2025-26 at 6.5%
Business Today
·
2m ago
Medial
RBI Governor Sanjay Malhotra maintains India's GDP growth projection for 2025-26 at 6.5%. The economy shows resilience with strong agriculture, improving industrial activity, and healthy private consumption. While domestic activity is robust, geopolitical tensions and weather uncertainties pose risks. Urban and rural demand are improving, supported by trade agreements. Overall, India displays stability and opportunity in a shifting global economy, as it pursues its "Viksit Bharat" vision.
View Source
Stock market: India-centric derating done, global pain next? Peak panic yet to come, warns Nuvama
Business Today
·
5m ago
Medial
Nuvama Institutional Equities reports that the recent Indian market correction is India-centric, with peak panic yet to come. This correction coincides with weak top-line growth and high valuations. Despite RBI easing, global uncertainties and rising US recession risks pose challenges. India’s recent valuation premium to emerging markets has normalized, indicating potential relief. Historically, equities pivot requires deep rate cuts and cheap valuations. Nuvama maintains a defensive stance, downgrading IT to underweight and increasing consumer sector holdings.
View Source
'Keeping out the best and brightest...': Raghuram Rajan rips into India and Donald Trump's populist pivot - BusinessToday
Business Today
·
1m ago
Medial
In his essay "The Costs of Victimomics," former RBI Governor Raghuram Rajan critiques the populist political strategy of blaming outsiders and capping their success to win votes, warning that it risks undermining future progress.
View Source
RBI: No Fintech Industry Concerns Arise from Paytm Actions
StartupTalky
·
1y ago
Medial
The Reserve Bank of India (RBI) has clarified that the recent restrictions imposed on Paytm Payments Banks are a result of supervisory actions and do not pose a threat to the overall financial system. RBI Governor Shaktikanta Das emphasized the importance of compliance and stated that the restrictions are proportional to the seriousness of the situation. Paytm is actively seeking bank partnerships to transfer accounts from Paytm Payments Bank, but banks are hesitant due to regulatory concerns. Customers are encouraged to explore alternative wallet services.
View Source
RBI retains inflation projection for FY25 at 4.5%
YourStory
·
1y ago
Medial
The Reserve Bank of India (RBI) has maintained its retail inflation projection of 4.5% for the current fiscal year, provided there is a normal monsoon. The RBI governor stated that although consumer price index (CPI)-based inflation has moderated recently, persisting food inflation pressures and uncertainties regarding food price outlook need close monitoring. Despite some moderation, pulses and vegetables inflation remain high, while deflation in fuel prices was primarily driven by LPG cuts in early March. The RBI remains vigilant towards any upside risks to inflation and aims for sustained price stability.
View Source
No Spl Purpose For CBDC, UPI Already Prevalent: Ex-RBI Dy Guv
Inc42
·
11m ago
Medial
Former Deputy Governor of the Reserve Bank of India (RBI), S S Mundra, stated that he does not see any special purpose for Central Bank Digital Currency (CBDC) considering the existing prevalent usage of Unified Payments Interface (UPI). Mundra also encouraged banks to rethink their business models as fintech startups with superior digital capabilities are emerging in the market. The RBI had initiated piloting CBDC for retail users in December 2022 and succeeded in achieving 10 Lakh transactions per day by December 2021.
View Source
Interoperable Payment System For Net Banking To Be Launched This Year: RBI
Inc42
·
1y ago
Medial
The Reserve Bank of India (RBI) is set to launch an interoperable payment system for net banking in 2024, aimed at facilitating quicker settlement of funds for merchants. The approval for implementing the system has been granted to NPCI Bharat BillPay, which connects banks and non-banks in the bills aggregation business. RBI Governor Shaktikanta Das believes this system will boost user confidence in digital payments and help streamline transactions that are currently not interoperable, reducing delays and settlement risks.
View Source
From CBDC, UPI ATM to Payments SRO: RBI lays out route map for fintech industry
Economic Times
·
11m ago
Medial
RBI Deputy Governor T Rabi Sankar emphasized the importance of self-regulatory organizations (SROs) in protecting consumer interests and promoting responsible growth in the fintech industry. He announced the establishment of an SRO for the payments sector and expressed confidence in their ability to reduce risks and identify inefficiencies in the financial services system. The RBI also revealed plans to update the Payment and Settlement Systems Act. The developments were discussed at the Global Fintech Fest in Mumbai, which brought together regulators, fintech startups, banks, and the National Payments Corporation of India Ltd (NPCIL).
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
/cloudfront-us-east-2.images.arcpublishing.com/reuters/EXO6UFAHLBKGFKLE5323TB4K3Y.jpg)
