In the story of India’s global fintech rise, few moments capture its transformative potential better than the recent linkage between India’s Unified Payments Interface (UPI) and Bahrain’s Fawri+ system. What began as a domestic innovation for instant retail payments has now evolved into an international bridge for real-time, low-cost cross-border transactions rewriting the rules of…
As Shri M. Rajeshwar Rao concludes his distinguished tenure as Deputy Governor of the Reserve Bank of India (RBI) on October 8, 2025, it is an opportune moment to reflect on his significant contributions to India’s financial landscape. Appointed on October 9, 2020, Shri Rao’s leadership spanned pivotal phases, including the post-pandemic economic recovery and…
In a significant leadership appointment, the Government of India has named Shri Shirish Chandra Murmu as Deputy Governor of the Reserve Bank of India (RBI), effective October 9, 2025, for a three-year term. A senior and highly respected central banker, Shri Murmu currently serves as an Executive Director at the RBI and brings with him…
