Sentences with phrase «rbi deputy»

In a short - sighted statement, the RBI deputy said:

They constitute liability of the central bank, and they will be in circulation in addition to the paper currency...,» RBI Deputy Governor B P Kanungo said.

The central bank has given three months to regulated entities like banks to unwind their positions with the entities related to cryptocurrencies, RBI Deputy Governor BP Kanungo said -LSB-...]

Not exact matches

The announcement comes within weeks after Minister of State for Finance Arjun Ram Meghwal stated the use of virtual currencies is not authorized as a means of exchange by the RBI, and after Deputy Governor Shri R. Ghandi suggested that confidence will only be placed in a virtual currency issued by an authority.

As per a statement from the RBI's Deputy Governor BP Kanungo at a conference yesterday, the institution is barring regulated entities from providing services to any individual or business that's buying or selling digital currencies — that includes private banks and digital wallet providers.

At a recently held event in Kolkata, deputy governor of RBI, NS Vishwanathan was asked about the state on cryptocurrencies and whether RBI would encourage such use of digital cryptocurrency in India.

The RBI has previously issued investor warnings on the risks of cryptocurrencies, and its deputy governor claimed their potential is «being overstated» in a March speech.

RBI's cautionary note comes within a week of a similar warning, made by the deputy governor of China's central bank at an event in Shanghai.

India's central bank deputy governor BP kanungo on behalf of RBI directed the banks and financial institutions it oversees not to work with cryptocurrency exchanges and other related services.