RBI likely to start digital rupee pilot in call money market by next month
1 year, 6 months ago

RBI likely to start digital rupee pilot in call money market by next month

India TV News  

The Reserve Bank of India is likely to introduce the pilot of the Central Bank Digital Currency for transactions for the interbank borrowing or call money market by October, said central bank Executive Director Ajay Kumar Choudhary on Sunday. The pilot for the wholesale Central Bank Digital Currency known as the Digital Rupee-Wholesale was launched on November 1, 2022. RBI will introduce the wholesale CBDC "The RBI will introduce the wholesale CBDC in the call market either this month or next month," Choudhary said on the sidelines of the G20 Leaders' Summit. RBI selected nine banks for its pilot project The RBI selected nine banks for its pilot project for wholesale CBDC.

Bank Digital Rbi Pilot Cbdc  start  wholesale  digital  likely  cbdc  month  money  rupee  rbi  india  banks  market  central  pilot  bank

History of this topic

Mint Explainer | Fintechs launch CBDC wallets: Is RBI’s e-rupee set to take off?
1 month ago

Mint Explainer | Fintechs launch CBDC wallets: Is RBI’s e-rupee set to take off?

Live Mint  

Mumbai: Nine months after the Reserve Bank of India announced allowing non-bank payments players into central bank digital currency pilots, two private fintech firms, CRED and MobiKwik, have opened e-rupee wallets for their users in partnership with Yes Bank. CBDC wallets After the central bank enabled CBDC issuance for third-party application providers, platforms such as CRED and MobiKwik, in collaboration …

RBI unveils exclusive ‘bank.in’ internet domain to combat cyber fraud; 'fin.in' coming soon
1 month, 3 weeks ago

RBI unveils exclusive ‘bank.in’ internet domain to combat cyber fraud; 'fin.in' coming soon

Firstpost  

The registration process for the ‘bank.in’ domain will begin in April, with a broader ‘fin.in’ domain planned for the overall financial sector in the future RBI Governor Sanjay Malhotra says cybersecurity is a top priority for the central bank. AFP The Reserve Bank of India on Friday announced a new exclusive internet domain, ‘bank.in,’ for Indian banks to enhance cybersecurity …

Why Shaktikanta Das was rated among world’s top central bankers, 6 big feats in 6 years
3 months, 2 weeks ago

Why Shaktikanta Das was rated among world’s top central bankers, 6 big feats in 6 years

Firstpost  

Shaktikanta Das’s tenure as RBI governor ended today. Das also hoped that Malhotra would carry forward RBI initiatives such as the Central Bank Digital Currency and unified lending interface and promote financial inclusion. ‘RBI, Finance Ministry perspectives can differ at times’ Das said that during his tenure as the RBI governor, there was a productive and cooperative relationship between India’s …

RBI’s Digital Rupee: Google, PhonePe, Amazon Pay, Cred, and Mobikwik To join digital currency pilot project
7 months, 3 weeks ago

RBI’s Digital Rupee: Google, PhonePe, Amazon Pay, Cred, and Mobikwik To join digital currency pilot project

The Hindu  

Google, PhonePe, Amazon Pay, Cred and Mobikwik are looking to join Indian central bank’s digital currency project by offering transactions in e-rupee, a digital alternative to the physical currency. The news comes as transactions using the digital currency reached over a million a day last year, however, they have declined ever since, to about 100,000-200,000 a day. However, in April …

RBI’s digital rupee must leap over many hurdles for wider adoption
9 months, 2 weeks ago

RBI’s digital rupee must leap over many hurdles for wider adoption

Live Mint  

The Reserve Bank of India has been striving to boost the adoption of its Retail-Central Bank Digital Currency or e-rupee. RBI is also aiming to onboard more non-bank payment service operators and make the e-rupee inter-operable with India’s Unified Payments Interface. Despite having clearly defined use-cases for their country-specific CBDCs, these pilot projects suffered from weak internet connectivity and poor …

RBI To Make Digital Currency Available Offline
10 months, 3 weeks ago

RBI To Make Digital Currency Available Offline

Deccan Chronicle  

Mumbai: The Reserve Bank of India Governor Shaktikanta Das on Monday said the central bank is considering testing Central Bank Digital Currency in commercial papers and certificates of deposits on a pilot basis. Das said that the central bank has been working on making CBDC transferable offline, introducing programmability features and promoting financial inclusion. “We are working on making CBDC …

E-rupee boost: RBI to enhance role of digital currency, allow non-bank operators to offer CBDC wallets
11 months, 3 weeks ago

E-rupee boost: RBI to enhance role of digital currency, allow non-bank operators to offer CBDC wallets

Hindustan Times  

In his statement released today, the Reserve Bank of India Governor, Shaktikanta Das, has indicated the central bank’s interest in enhancing the scope of digital currency in India. The RBI Governor said the central bank was looking to promote CBDC and that too by enhacing its scope through Non-bank Payment System Operators and thereby boost retail use. It is proposed …

Central Bank Digital Currencies Are Redefining Digital Money
1 year, 1 month ago

Central Bank Digital Currencies Are Redefining Digital Money

The Quint  

The Reserve Bank of India, in a forward-looking move, decided to extend the pilot program for the digital rupee. This extension reflects the central bank’s commitment to exploring and harnessing the potential of central bank digital currencies. Private players who dominate the digital payments market have simplified life for the world population with innovations like e-money, online transactions, mobile banking, …

Indian banks offer incentives to lift RBI’s e-rupee: Report
1 year, 5 months ago

Indian banks offer incentives to lift RBI’s e-rupee: Report

Live Mint  

Digital Rupee: In a bid to boost volums in RBI's e-rupee transactions, Indian banks are offering incentives for using the central bank digital currency. HDFC Bank leads Informing about the initiatives taken by HDFC Bank to boost RBI's e-rupee transactions, country head for payments, liability products, consumer finance and marketing, Parag Rao said that India's largest private lender has rolled …

RBI Governor Shaktikanta Das Urges Fintech Players To Set Up Self Regulatory Organisation At GFF
1 year, 6 months ago

RBI Governor Shaktikanta Das Urges Fintech Players To Set Up Self Regulatory Organisation At GFF

ABP News  

Shaktikanta Das, governor of the Reserve Bank of India, on Wednesday urged fintech players to set up a Self Regulatory Organisation at the earliest for an orderly growth of the industry. "Fintech players need to evolve industry best practices, privacy, and data protection norms in sync with the law of the land," he said, adding that they can also set …

Digital Rupee CBDC RBI Governor Shaktikanta Das Can Prove To Be Game Changer For Cross-Border Payments:
1 year, 6 months ago

Digital Rupee CBDC RBI Governor Shaktikanta Das Can Prove To Be Game Changer For Cross-Border Payments:

ABP News  

In a recent keynote address at the G20 TechSprint Finale, Reserve Bank of India Governor Shaktikanta Das drew attention to the challenges surrounding cross-border payments, emphasising the issues of high costs and slow transaction speeds. Das indicated that the central bank digital currency — dubbed Digital Rupee — instant-settlement feature could offer a viable solution to these challenges. Despite advancements …

Crypto India Tax PMLA State Future Regulation RBI CBDC Digital Rupee ABP Live TV
1 year, 7 months ago

Crypto India Tax PMLA State Future Regulation RBI CBDC Digital Rupee ABP Live TV

ABP News  

Crypto is often called the "Internet of Value" and for good reason. Here’s Why Crypto Could Prove Important To India Remittances: A Game Changer India holds the global top spot for remittance receipts, raking in approximately $80 billion annually. Crypto and decentralised technologies are not merely optional but vital to safeguarding India's national sovereignty. Enterprise Adoption A consortium of 15 …

CBDC Pilot Expanded, To Include More Banks And Locations, Says RBI
1 year, 9 months ago

CBDC Pilot Expanded, To Include More Banks And Locations, Says RBI

ABP News  

The Reserve Bank of India on Tuesday said the scope of the Central Bank Digital Currency pilot is being expanded gradually to include more banks and locations. The pilot began with four banks -- State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank -- while four other banks -- Bank of Baroda, Union Bank of India, HDFC …

Digital Rupee: RBI Aims To Expand Use Cases, Features Of Retail, Wholesale CBDC
1 year, 9 months ago

Digital Rupee: RBI Aims To Expand Use Cases, Features Of Retail, Wholesale CBDC

News 18  

The Reserve Bank of India targets to expand the use cases and features of CBDC-Retail and CBDC-Wholesale, according to the central bank’s annual report released on Tuesday. “During 2023-24, the Reserve Bank aims at expanding the ongoing pilots in CBDC-Retail and CBDC-Wholesale by incorporating various use cases and features. “As the Reserve Bank embarks upon the journey of realising the …

Digital Rupee: RBI launches expand e-Rupee pilot to include more banks
1 year, 9 months ago

Digital Rupee: RBI launches expand e-Rupee pilot to include more banks

Live Mint  

The Reserve Bank of India wants to expand the ongoing pilot of the Central Bank Digital Currency and incorporate various use cases and features in 2023-24. In its annual report for 2022-2023, the central bank said, "During 2023-24, the Reserve Bank of India aims at expanding the ongoing pilots in CBDC-Retail and CBDC-Wholesale by incorporating various use cases and features." …

E-Rupee to be piloted by 5 more banks in 9 more cities soon
2 years, 1 month ago

E-Rupee to be piloted by 5 more banks in 9 more cities soon

The Hindu  

Five more banks will join the pilot on the central bank digital currency or e-rupee for retail customers and the project will be extended to nine additional cities, the Reserve Bank said on Wednesday. The Reserve Bank, which began piloting the central bank digital currency or e-rupee for retail customers in early December with eight banks in five cities, stressed …

Reliance Retail partners Innoviti to enable digital rupee payment in stores
2 years, 1 month ago

Reliance Retail partners Innoviti to enable digital rupee payment in stores

Live Mint  

New Delhi: Innoviti Technologies, a payments-focused financial-tech firm, in collaboration with Reliance Retail, ICICI Bank and Kotak Mahindra Bank, on Thursday announced the introduction of in-store payments via Digital Rupee-Retail. “After being the first to introduce dynamic QR based in-store UPI payments, Reliance Retail, in continuance of its endeavour to create convenient and seamless payment experience for customers, becomes the …

Budget 2023: FM Sitharaman's past key budget announcements on banking
2 years, 1 month ago

Budget 2023: FM Sitharaman's past key budget announcements on banking

Hindustan Times  

Finance Minister Nirmala Sitharaman on February 1 will present the Union Budget for the fiscal year 2023-24. Budget 2019-20 In her first Union Budget as Finance minister, Nirmala Sitharaman announced to re-capitalise Public Sector Banks of ₹70,000 crore to boost credit which was part of previously announced ₹3 lakh crore capital infusion. Budget 2021-22 The budget of 2021-22 proposed setting …

Watch: Anand Mahindra buys fruits using e-rupee
2 years, 2 months ago

Watch: Anand Mahindra buys fruits using e-rupee

Live Mint  

India’s central bank – the Reserve Bank of India introduced e-rupee digital currency pilot on December 1, 2022. Mahindra & Mahindra chairperson Anand Mahindra has recently shared a video on microblogging site Twitter where the billionaire can be seen putting the digital currency to use. “At the Reserve Bank’s board meeting today I learned about the @RBI digital currency-the e-rupee. …

Digital currency to further bolster digital economy, make payment system more efficient: RBI
2 years, 2 months ago

Digital currency to further bolster digital economy, make payment system more efficient: RBI

India TV News  

RBI Executive Director Ajay Kumar Choudhary on Wednesday the digital currency will further bolster the digital economy, make the payment system more efficient and reduce the cost involved in physical cash management. Central Bank Digital Currency The RBI has already launched pilots of CBDC in wholesale and retail segments last year. He said the key motivation for exploring the issuance …

Digital Rupee: Understanding the risks of using digital currency
2 years, 2 months ago

Digital Rupee: Understanding the risks of using digital currency

Live Mint  

Digital currency is essentially a replacement of conventional paper currency by currency in the form of digital data on a technology-based platform on a mobile device or otherwise. According to Stas Protassov, Co-founder and executive board member, Acronis, one of the risks which exist for most if not all digital currencies is double-spending scams exploiting protocol issues or application software …

Digital rupee not the magic bullet Central government is hoping for
2 years, 2 months ago

Digital rupee not the magic bullet Central government is hoping for

The Hindu  

Published : Dec 29, 2022 10:30 IST In recent times, the financial world has been in a state of excitement after the Reserve Bank of India announced the launch of the pilot for a retail digital rupee on December 1. Crypto gamble It is to be noted that with the threat of cryptocurrency, which began with Bitcoin in 2009, now …

Next Financial Crisis Will Come From Private Cryptocurrencies, Says RBI Governor Shaktikanta Das
2 years, 3 months ago

Next Financial Crisis Will Come From Private Cryptocurrencies, Says RBI Governor Shaktikanta Das

News 18  

RBI Governor Shaktikanta Das on Wednesday said the biggest concern with the private cryptocurrencies like Bitcoin and Ethereum is that they do not have any underlying value, and if they are allowed to grow, the next financial crisis will come from them. If you allow it to grow, the next financial crisis will come from private cryptocurrencies.” Das has in …

Year Ender 2022: Government schemes launched this year
2 years, 3 months ago

Year Ender 2022: Government schemes launched this year

Firstpost  

To impart world class quality education to the students in the county, the Budget 2022 announced a slew of measures from Digital Ecosystem for Skilling and Livelihood to expanding the One class One TV channel programme to 200 television channels In 2022, the Centre announced several schemes that could benefit the lives of its citizens. From trade settlement in rupees …

CBDC is the UPI Moment for Fintechs: Rise of CBDC and Death of Crypto - News18
2 years, 3 months ago

CBDC is the UPI Moment for Fintechs: Rise of CBDC and Death of Crypto - News18

News 18  

The fall of fraudulent and failing crypto exchanges is coinciding with the rise of CBDC across the world. CBDC, when programmed to be part of a smart contract, will reduce these layers of paper contracts and checks thus reducing the cost of trade or transactions both local and international. The promise of lower cost and reducing the global banks hegemony …

Explained | Why has the Reserve Bank of India introduced an e-rupee?
2 years, 3 months ago

Explained | Why has the Reserve Bank of India introduced an e-rupee?

The Hindu  

The story so far: The Reserve Bank of India this week launched the digital rupee on a pilot basis. The digital rupee, or the e-rupee, is a central bank digital currency issued by the RBI. The introduction of central bank digital currencies internationally has worried many who believe that it could disrupt the banking system. A rise in the use …

RBI Rolls Out First Pilot Project For Retail Digital Rupee In 4 Cities
2 years, 3 months ago

RBI Rolls Out First Pilot Project For Retail Digital Rupee In 4 Cities

ABP News  

The Reserve Bank of India on Thursday launched the first pilot project for retail digital rupee in Mumbai, New Delhi, Bengaluru, and Bhubaneswar. The retail digital rupee project has started in a closed user group with the participation of four lenders -- State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank -- as well as customers and …

Digital rupee a 'game changer', says SBI Chairman Dinesh Khara
2 years, 3 months ago

Digital rupee a 'game changer', says SBI Chairman Dinesh Khara

India TV News  

Digital rupee : SBI Chairman Dinesh Khara today said the Reserve Bank's first pilot project for retail digital rupee is a game changer with durable effects that should ensure better monetary transmission at much lesser costs. The pilot project for retail digital rupee, RBI's central bank digital currency started in Mumbai, New Delhi, Bengaluru and Bhubaneswar on Thursday and State …

How the RBI's digital currency can help economy
2 years, 3 months ago

How the RBI's digital currency can help economy

Live Mint  

Readers of a certain age group might remember Ramon Bonus Stamps. What's driving FIIs’ bullish bets on Nifty IIT-K student hits record ₹4 cr placement jackpot Story takes a turn for PVR, Inox Leisure after a flop Q2 How young Indian couples budget for their weddings Imagine different currencies competing for dominance in usage without any sovereign backing. That is …

All you need to know about e-Rupee
2 years, 3 months ago

All you need to know about e-Rupee

Deccan Chronicle  

HYDERABAD: The Reserve Bank of India has launched India’s e-rupee on Thursday, as a pilot covering four cities New Delhi, Mumbai, Bengaluru and Bhubaneswar and will subsequently expand it to nine more cities in the initial phase. Four banks – State Bank of India, Yes Bank, ICICI Bank and IDFC First Bank – will be involved initially in the launch …

RBI to launch Digital Rupee pilot in 4 cities today: Supported banks, and more details
2 years, 3 months ago

RBI to launch Digital Rupee pilot in 4 cities today: Supported banks, and more details

India Today  

The first pilot of the Reserve Bank of India-issued digital Rupee will begin today, December 1. The central bank earlier this week announced that the digital currency will begin with four banks - State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank in four cities across the country. In a release, RBI stated, "The pilot will test …

Time is right for a digital rupee
2 years, 3 months ago

Time is right for a digital rupee

Hindustan Times  

Starting this month, the Reserve Bank of India will begin a pilot project that will put a digital rupee, or e ₹, in the hands of individuals. In simple terms, a CBDC is the closest virtual equivalent of cash with the liability for its value resting directly with the central bank, instead of — as is the case at present …

Digital Rupee: Check List Of Banks, Cities That Will Be Part Of CBDC Pilot From December 1
2 years, 3 months ago

Digital Rupee: Check List Of Banks, Cities That Will Be Part Of CBDC Pilot From December 1

ABP News  

A month after the Reserve Bank of India launched the Digital Rupee for wholesale, the digital rupee for retail — denoted by e₹-R — will be rolled out as part of a pilot from December 1. Retail digital rupee to be launched in four cities Those in Mumbai, New Delhi, Bengaluru, and Bhubaneswar will be able to transact with e₹-R …

India to launch retail Digital Rupee on pilot basis: Which other countries have CBDC?
2 years, 3 months ago

India to launch retail Digital Rupee on pilot basis: Which other countries have CBDC?

Firstpost  

On 1 December, India will join the list of countries that have introduced a Central Bank Digital Currency. Nigeria In October this year, the Central Bank of Nigeria marked one year since the launch of Africa’s first digital currency, the e-Naira. China’s central bank will expand the trials of its digital currency, the e-CNY, to four provinces, including Guangdong, Jiangsu, …

Digital Rupee coming on Dec 1, here is everything to know about it
2 years, 3 months ago

Digital Rupee coming on Dec 1, here is everything to know about it

Live Mint  

The Reserve Bank of India on Tuesday announced a pilot for retail central bank digital currency on 1 December. A Central Bank Digital Currency or Digital Rupee is a digital form of currency notes issued by a central bank. The central bank also said that users will be able to transact with digital rupee through a digital wallet offered by …

Explained: Why RBI is launching e-rupee in India
2 years, 3 months ago

Explained: Why RBI is launching e-rupee in India

Firstpost  

Four banks including SBI and ICICI will participate in the launch of the Central Bank Digital Rupee which will initially cover four cities — Mumbai, New Delhi, Bengaluru and Bhubaneswar. While some experts remain cautious about the concept, others are downright enthusiastic E-rupee to launch on 1 Dec: RBI’s rationale behind currency and what experts think Four banks including SBI …

RBI to launch pilot of retail digital rupee on 1 December
2 years, 3 months ago

RBI to launch pilot of retail digital rupee on 1 December

Firstpost  

‘It would be in the form of a digital token that represents legal tender. It would be issued in the same denominations that paper currency and coins are currently issued,’ RBI said Mumbai: The Reserve Bank on Tuesday said it will launch the first pilot for retail digital rupee on December 1, 2022, in which four banks including SBI and …

Pilot for retail digital rupee to begin on December 1
2 years, 3 months ago

Pilot for retail digital rupee to begin on December 1

The Hindu  

The Reserve Bank of India on November 29 announced that the first pilot for the retail version of the digital rupee would be introduced on December 1, 2022. The pilot would cover select locations in closed user groups comprising participating customers and merchants. The first phase will begin with four banks, namely State Bank of India, ICICI Bank, Yes Bank …

RBI to launch retail digital rupee pilot on 1 December
2 years, 3 months ago

RBI to launch retail digital rupee pilot on 1 December

Live Mint  

Mumbai: The Reserve Bank of India on Tuesday announced the launch of a pilot for retail digital rupee on 1 December with four banks in four cities, a month after testing the wholesale central bank digital currency. The pilot, RBI said in a press release, would cover select locations in a closed user group, comprising participating customers and merchants. While …

RBI announces launch of first pilot for retail digital rupee on 1 Dec
2 years, 3 months ago

RBI announces launch of first pilot for retail digital rupee on 1 Dec

Live Mint  

The Reserve Bank of India on Tuesday announced a pilot for retail central bank digital currency on 1 December. The central bank also said that users will be able to transact with digital rupee through a digital wallet offered by the participating banks and stored on mobile phones or devices. A Central Bank Digital Currency or a digital rupee is …

RBI announces launch of first pilot for retail digital rupee
2 years, 3 months ago

RBI announces launch of first pilot for retail digital rupee

India TV News  

The Reserve Bank on Tuesday said it will launch the first pilot for retail digital rupee on December 1, 2022, in which four banks including SBI and ICICI Bank will initially participate. On November 1, the RBI launched the first pilot in the digital rupee - wholesale segment. Announcing the operationalisation of the Central Bank Digital Currency – Retail Pilot, …

Digital Rupee: How Retail Customers Can Benefit From CBDC
2 years, 4 months ago

Digital Rupee: How Retail Customers Can Benefit From CBDC

ABP News  

The Reserve Bank of India in November announced its first pilot project of Digital Rupee for the retail segment. Even though the digital rupee would be virtual, just like cryptocurrencies, they are pretty different from each other and serve various purposes. As mentioned, the Digital Rupee is a pilot project in which nine central banks would be participating. After the …

Spare a thought for the trilemma of central bank digital currencies
2 years, 4 months ago

Spare a thought for the trilemma of central bank digital currencies

Live Mint  

Central banks around the world continue to contemplate issuing their own digital currencies. Yet another motivation for the stampede to CBDCs is the inchoate belief that financial and even geopolitical primacy will turn on which central banks are quickest to issue one. Ultimately, central banks face a ‘trilemma’ when contemplating CBDC issuance. Central banks can have only two of three …

10 reasons why digital rupee is the future of money
2 years, 4 months ago

10 reasons why digital rupee is the future of money

Live Mint  

The digital rupee rollout is a big step ahead in India’s digital transformation. Livemint spoke to experts on reasons why digital rupee is the future of money 1) Centralised Central bank digital currency – a new digital form of money issued by central banks – may just be the new infrastructure we need for ushering in more trust, resilience, and …

How will digital rupee rollout impact physical currency?
2 years, 4 months ago

How will digital rupee rollout impact physical currency?

Firstpost  

The Reserve Bank of India has launched its pilot project on the Central Bank Digital Rupee starting, 1 November. Here’s what the experts told CNBC TV18 The Reserve Bank of India has launched its pilot project on the Central Bank Digital Rupee starting November 1. It is widely anticipated that the digital rupee ideated by RBI will be generated through …

Central Bank Digital Currency is going to be a major transformation in the way business is done: RBI Governor Shaktikanta Das
2 years, 4 months ago

Central Bank Digital Currency is going to be a major transformation in the way business is done: RBI Governor Shaktikanta Das

The Hindu  

Reserve Bank of India Governor Shaktikanta Das said Central Bank Digital Currency is going to be a major transformation in the way business is done — the way transactions are conducted and highlighted that RBI is among the very few central banks in the world which have taken this initiative. While addressing FIBAC on November 2, Governor Shaktikanta Das said, …

E-rupee for retail users to be launched this month: RBI governor
2 years, 4 months ago

E-rupee for retail users to be launched this month: RBI governor

Live Mint  

The RBI has started a pilot program of its digital currency from Tuesday, allowing select banks to use it for settling secondary-market transactions in government securities. Reserve Bank of India's monetary policy committee will meet on Thursday, outside its scheduled meetings, to discuss its first ever inflation target miss, which will require it to write a letter to the government. …

Digital Rupee Pilot: Day 1 Sees Rs 275-Crore Trade In 48 G-Sec Transactions, Details Here
2 years, 4 months ago

Digital Rupee Pilot: Day 1 Sees Rs 275-Crore Trade In 48 G-Sec Transactions, Details Here

News 18  

Even as the government has started the government securities transactions in digital rupee along with the wholesale segment, Tuesday witnessed a total of 48 trades worth Rs 275 crore using the RBI’s central bank digital currency. “IDFC First Bank executed the first secondary market transaction in G-secs using CBDC settlement on Tuesday,” IDFC First said in a statement. Nine banks …

Digital Rupee Pilot: 48 Deals Worth Rs 275 Crores Done With e₹
2 years, 4 months ago

Digital Rupee Pilot: 48 Deals Worth Rs 275 Crores Done With e₹

ABP News  

New Delhi: Several banks, including ICICI Bank and Bank of Baroda, on Tuesday participated in the first pilot project of Digital Rupee launched by the Reserve Bank for transactions in government securities. According to sources, ICICI Bank sold GS 2027 securities to IDFC First Bank using Central Bank Digital Currency. State Bank of India, Bank of Baroda and Kotak Mahindra …

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