State bank Of India(SBI), ICICI Bank, IDFC First Bank, HDFC Bank and Yes Bank are among a shortlist of at least five lenders that the Reserve Bank of India (RBI) has roped in to work on the retail pilot project of the central bank digital currency (CBDC).
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The report said, citing people familiar with the matter, that the Reserve Bank of India could add more banks to run the pilot, which is expected to launch soon. “Five banks have been shortlisted to run the pilot along with the help of NPCI (National Payments Corporation of India) and RBI. Some customer and merchant accounts will be chosen to roll out the retail digital rupee pilot soon,”
Puneet Gupt has been appointed as the new chairperson of the Digital News Publishers Association…
Kal Somani has acquired the Rajasthan Royals IPL franchise for a staggering value of $1.63…
Royal Challengers Bengaluru (RCB) franchise has been sold for a massive $1.78 billion (₹16,660 crore)and…
Did you know that India is home to a vast network of rivers that support…
Railway Minister Ashwini Vaishnaw introduced significant reforms to Indian Railways ticket cancellation and refund policy.…
Iran has reportedly outlined the set of conditions to end the ongoing conflict in Middle…