Daily News & Analysis
| 10 months ago
The value of banknotes and coins in circulation in India tots up to 12% of GDP. That's too high a figure compared with emerging markets like Brazil, Mexico and Russia, said Duvvuri Subbarao, the governor of the Reserve Bank of India (RBI). With just...
The Hindu
| 10 months ago
Highlighting the need for a shift from cash to electronic payment systems, Reserve Bank of India Governor D. Subbarao has said that expanding the use of infrastructure such as ATMs, PoS (point of sale) terminals, micro-ATMs and hand-held devices in...
NewKerala
| 10 months ago
Subbarao Friday stressed the need for transforming India into a less cash-handling society like other emerging economies through innovation in payment systems. "We have largely remained a cash society when compared with other emerging markets like...