India's Central Bank RBI Starts Digital Currency Pilot With 4 Banks: Report.
07 Sep 2022, 08:00
India’s Central Bank RBI Starts Digital Currency Pilot With 4 Banks: Report
India’s central bank, the Reserve Bank of India (RBI), has reportedly asked four banks to pilot the country’s central bank digital currency (CBDC) ahead of its public launch.
RBI to Pilot India’s CBDC With Public-Sector BanksThe Reserve Bank of India (RBI), the country’s central bank, has reportedly asked four public-sector banks to trial India’s central bank digital currency (CBDC), Moneycontrol reported Monday, citing two unnamed bank officials.One of the officials was quoted as saying:
The RBI has asked State Bank of India, Punjab National Bank, Union Bank of India, and Bank of Baroda to run the pilot internally.