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Reserve Bank of India plans to introduce a "frictionless credit mechanism" to simplify the process of obtaining education loans. The new system aims to streamline the application process by eliminating extensive paperwork and complex procedures. Instead, a confirmed digital admission offer will serve as the primary requirement for securing a loan.

The RBI is likely to launch the pilot of central bank digital currency (CBDC) for transactions for interbank borrowing or call money market by October

NEW DELHI: Visitors to the G20 summit will get to see India’s digital innovations, including RBI’s eRupee or Central Bank Digital Currency (CBDC), Pub.

African Nations will be targeted by RBI to market the domestic products By K R Sudhaman The G20 summit on September 9-10 could not have come at any time better to highlight India’s great strides in digitalization, that has revolutionized payment system in the country and provided common man easy and quick solutions to his

The Bharat Mandapam will host a number of exhibitions during the G20 summit, showcasing Indias technological innovations and cultural heritage. The Culture Corridor - G20 Digital Museum will celebrate the shared heritage of G20 members and invitee countries. The Digital India Experience Zone will provide insights into key initiatives of the Digital India program.

India News: NEW DELHI: For a unique experience for guests arriving at Bharat Mandapam, the venue for the G20 summit, various exhibitions are being set up.

The national capital has started welcoming foreign delegates and leaders from all across the world for the G20 Summit. As a host nation, the Centre has taken special care of the arrangements and experiences for foreign dignitaries

From introducing UPI to national telemedicine service e-Sanjeevani, from AI-based language platform Bhashini to Aadhar- to showcase some of India’s key digital public infrastructure projects, a thematic zone namely ‘Digital India Experience Zone’ has been set up at the venue of the G20

"In the dynamic and ever-evolving world of business, it is easy to get caught up in the pursuit of revenue, bottom lines and the relentless drive for valuations," Governor Shaktikanta Das said, while delivering the keynote address at the Global Fintech Fest 2023 in Mumbai. "Sometimes, it is forgotten that the success of any enterprise is intricately tied to the satisfaction and trust of its customers."

"This is going to be revolutionary. This will be another UPI (Unified Payments Interface) moment for the credit. That is very clear. In the next one to one-and-a-half years, this will change the landscape of lending," RBI executive director Ajay Choudhary said at the Global Fintech Festival 2023.