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RBI to introduce offline digital rupee transactions soon: Governor Das

RBI to introduce offline digital rupee transactions soon: Governor Das Digital rupee users will soon be able to execute transactions in areas with limited internet connectivity as the RBI on Thursday announced that offline capability will be introduced on the Central bank digital currency (CBDC) pilot project. Reserve Bank of India Governor Shaktikanta Das said that programmability-based additional use cases ...

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RBI cancels licence of Jai Prakash Narayan Nagari Sahakari Bank

RBI cancels licence of Jai Prakash Narayan Nagari Sahakari Bank The RBI has cancelled the licence of Jai Prakash Narayan Nagari Sahakari Bank Basmathnagar, Maharashtra, as the lender, with its present financial position, would be unable to pay its present depositors in full. The Commissioner for Co-operation and Registrar of Cooperative Societies, Maharashtra, has been requested to issue an order ...

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