PIEDS, BITS Pilani has announced the launch of FinXcelerator, a nationwide initiative to accelerate fintech startups, in partnership with Reserve Bank Innovation Hub (RBIH) and ICICI Bank. This collaboration aims to promote innovation and create an inclusive environment for startups in the financial sector.
PIEDS, BITS Pilani launches ‘FinXcelerator’ in partnership with RBIH and ICICI Bank Read More »
Swanari Techsprint by RBIH is an annual programme that offers a platform to conceptualise, develop and support innovations in technology that enhance access, usage and quality of financial services for women in India. The registrations for the programme are underway till September 11, 2023
IIMA’s CIIE.CO Partners With RBI’s Innovation Hub To Support Women MSMEs Read More »
IIM Ahmedabad’s startup incubator CIIE.CO on Wednesday said it has partnered with the Reserve Bank of India’s subsidiary Reserve Bank Innovation Hub (RBIH) for this year’s Swanari Techsprint 2023 programme. Swanari Techsprint by RBIH is an annual programme that offers a platform to conceptualise, develop and support innovations in technology that enhance access, usage and
“The ‘Frictionless Credit’ initiative is exemplified through an experience centre that provides visitors with a practical demonstration of the transformational Digital Kisan Credit Card (KCC) and Digital Dairy journey.The digital KCC showcases how digitized land record data can be effectively used to sanction and disburse loans in a completely paperless and digitized manner, eliminating the
How RBI is showcasing innovations in Agri-credit and CBDC before G20 nations Read More »
“The “frictionless credit” initiative, which is so far ready for farm and dairy loans, is proposed to be expanded to education loans (using the Digi Locker), MSMEs (based on Udhyam registration and GST and tax records) and even vehicle and personal loans as tests have shown that a loan can be sanctioned in less than
RBI uses milk supply data for dairy farmer loans Read More »
The Reserve Bank has put up a stall at the venue of third meeting of G20 finance ministers and central bank governors (FMCBG) here, showcasing its recent innovation initiatives relating to pilot on ‘Frictionless Credit’ and ‘Central Bank Digital Currency’. Set up at Mahatma Mandir Convention Centre, the ‘Innovation Pavilion’ also features an informative video explaining
RBI showcases frictionless digital loans in minutes to farmers Read More »
The Reserve Bank has put up a stall at the venue of third meeting of G20 finance ministers and central bank governors (FMCBG) here, showcasing its recent innovation initiatives relating to pilot on ‘Frictionless Credit’ and ‘Central Bank Digital Currency’. Set up at Mahatma Mandir Convention Centre, the ‘Innovation Pavilion’ also features an informative video explaining
RBI Puts Up Innovation Pavilion At G20 FMCBG Meeting Venue Read More »
The Reserve Bank of India (RBI) has showcased its innovations — ‘Frictionless Credit’ and ‘Central Bank Digital Currency’ — at the innovation pavilion on the sidelines of the 3rd meeting of Finance Ministers and Central Bank Governors (FMCBG) under India’s G20 presidency here at the Mahatma Mandir Convention Centre. The G20 event is underway in Gujarat’s
RBI’s digital rupee, KCC loan innovations displayed at G20 FMCBG event in Gandhinagar Read More »
Gender is the most critical element for Reserve Bank Innovation Hub (RBIH), CEO Rajesh Bansal said offering frictionless access to financial services to every adult woman in India is a national priority. “We have a unique opportunity in India for banks, financial service providers, and fintech firms to offer products to 350 million women. It
Over 10,000 woman entrepreneurs have dispensed more than Rs 900 crore of financial services in the last financial year, according to a report by branchless banking and digital network PayNearby. The report said over 76 per cent of woman customers, who availed basic banking services at PayNearby’s retail outlets, preferred biometric authentication as a mode
The Reserve Bank Innovation Hub is a wholly owned subsidiary of the Reserve Bank of India (RBI) set-up to promote and facilitate an environment that accelerates innovation across the financial sector.
The Reserve Bank Innovation Hub is a wholly owned subsidiary of the Reserve Bank of India (RBI) set-up to promote and facilitate an environment that accelerates innovation across the financial sector.