Vrishti Beniwal And Suvashree Ghosh Bloomberg

India took a step closer to adopting cryptocurrencies after years of wavering on its stance, as the country seeks to keep up with the global move toward the digital assets.

In Mumbai's sleek skyscrapers, harried bankers race the clock to appraise a company that hasn't been valued in decades.

India is pushing for a valuation of about Rs 15 lakh crore ($203 billion) for a state-owned insurer thats soon expected to file for the nations biggest initial public offering, people familiar with the matter said, even as arrangers awaited a final report on the firms estimated worth.

The coronavirus outbreak may finally accomplish what India's shock demonetization four years ago failed to achieve: Use of digital payments is soaring for everything from groceries, electricity bills and cab fares.

Banks don't need to set aside cash reserves for loans given to small businesses between January 31 to July 31, or for credit to help consumers buy a car or home.

India took a step closer to adopting cryptocurrencies after years of wavering on its stance, as the country seeks to keep up with the global move toward the digital assets.

In Mumbai's sleek skyscrapers, harried bankers race the clock to appraise a company that hasn't been valued in decades.

India is pushing for a valuation of about Rs 15 lakh crore ($203 billion) for a state-owned insurer thats soon expected to file for the nations biggest initial public offering, people familiar with the matter said, even as arrangers awaited a final report on the firms estimated worth.

The coronavirus outbreak may finally accomplish what India's shock demonetization four years ago failed to achieve: Use of digital payments is soaring for everything from groceries, electricity bills and cab fares.

Banks don't need to set aside cash reserves for loans given to small businesses between January 31 to July 31, or for credit to help consumers buy a car or home.