Thu, Jul 13, 2023
India's largest private lender HDFC Bank on Thursday said it has signed up over 100,000 customers and 170,000 merchants in pilot programmes using the central bank digital currency (CBDC).
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Tue, Jul 11, 2023
In November last year, the RBI introduced a wholesale CBDC pilot and followed it up with a retail pilot in December. At present, the number of banks in the pilot has gone up to 13 from eight banks initially.
Tue, May 30, 2023
The Reserve Bank on Tuesday said the scope of the Central Bank Digital Currency (CBDC) pilot is being expanded gradually to include more banks and locations.
Sun, Dec 04, 2022
"It's a misconception to view Fintech entities as a possible replacement to banks," Reserve Bank Deputy Governor T Rabi Sankar said, stressing that these modern age enterprises facilitate banking and are not a competition to banks in anyway.
Thu, Dec 01, 2022
Just like the BHIM UPI, the government is very likely to launch an app for e-rupi, say experts.
Digital Rupee Launch: RBI will test the robustness of the entire process of digital rupee creation, distribution and retail usage in real time.
Mon, Nov 07, 2022
All these preparations are in line with the announcement by Finance Minister Nirmala Sitharaman in her budget speech that the RBI will launch the central bank digital currency (CBDC) during the current financial year.
Tue, Nov 01, 2022
Digital Rupee: The money will be in virtual form just like other cryptocurrencies but the digital rupee will not be decentralised
Fri, Jul 22, 2022
The passage of the bill has enabled the RBI to conduct a pilot and subsequent issuance of the CBDC.
Fri, Apr 08, 2022
Reserve Bank of India Deputy Governor T Rabi Sankar on Thursday said a nuanced and calibrated approach is essential for launch of India's maiden digital currency as it would have various implications for the economy and monetary policy.
Tue, Mar 15, 2022
There is no plan to introduce cryptocurrency by the government, Minister of State for Finance Pankaj Chaudhary informed the Rajya Sabha on Tuesday.
Wed, Mar 09, 2022
The proposed Central Bank Digital Currency (CBDC) to be issued by the Reserve Bank will play a critical role in improving the speed of transactions and reducing the cost of cash, a Deloitte report said on Wednesday.
Sun, Feb 06, 2022
India's very own official digital currency is likely to debut by early 2023, which will mirror any of the currently available private company-operated electronic wallets.
Thu, Feb 03, 2022
Budget 2022: FM Sitharaman said - Introduction of Central Bank Digital Currency (CBDC) will give a big boost to digital economy.
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