Central Bank Digital Currency (CBDC)
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Reliance General becomes first insurer to accept CBDC in tie-up with YES Bank
Reliance General Insurance accepts RBI's CBDC e-Rupee for premium payments: Reliance General Insurance has made history by becoming the first general insurance company to accept the Reserve Bank of India's (RBI) Central Bank Digital Currency (CBDC) e-Rupee (e₹) for premium...
Published On April 29th, 2023 -
Central Bank Digital Currency (CBDC): e₹-R is in the form of a digital token that represents legal tender: Govt in Lok Sabha
The Reserve Bank of India (RBI) launched the first pilot of Digital Rupee- Retail segment (e₹-R) on December 01, 2022. This was stated by the Union Minister of State for Finance, Shri Pankaj Chaudhary, in a written reply to a...
Published On February 8th, 2023 -
RBI to Launch a Pilot Project on Retail Digital Rupee on 1 December 2022
The Reserve Bank of India (RBI) announced a trial for retail digital rupee (e ₹-R) beginning 1 December, with four banks in as many cities participating in the pilot programme, a month after testing the wholesale central bank digital currency...
Published On November 30th, 2022 -
RBI Chooses 5 Banks for Retail Digital Currency Pilot
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...
Published On November 17th, 2022 -
Digital Rupee To Reduce Time, Cost In Cross-Border Business
Central bank digital currency (CBDC), to be launched this year, could become a tool for reducing time and cost for cross-border transactions, Reserve Bank Deputy Governor T Rabi Sankar said. The RBI has proposed to launch on a pilot basis this year,...
Published On September 8th, 2022 -
RBI To Launch Digital Rupee Soon
The Reserve Bank of India (RBI) will very likely introduce its digital rupee, the Central Bank Digital Currency (CBDC), in this fiscal year itself. Talks of a digital rupee in the country have been swirling since Finance Minister Nirmala Sitharaman announced...
Published On August 25th, 2022
