Central Bank Digital Currency (CBDC)

  • 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