The participating banks are State Bank of India, ICICI Bank, Yes Bank, IDFC First Bank, Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank.
December 2, 2022The RBI will also commence testing of a retail CBDC "within a month" in select locations in "closed user groups comprising customers and merchants".
November 1, 2022The RBI has reportedly asked State Bank of India, Punjab National Bank, Union Bank of India and Bank of Baroda to run a CBDC pilot internally.
September 5, 2022Finance minister Nirmala Sitharaman said the RBI will introduce a CBDC in the coming fiscal year and crypto profits will be taxed at 30 percent.
February 3, 2022RBI governor Shaktikanta Das said the central bank is studying various aspects of a digital rupee with a view to conducting trials in December.
August 31, 2021Like other central banks, the RBI has been exploring a CBDC and is now examining use cases which could be implemented with little or no disruption.
July 26, 2021The proposed bill will also provide for the creation of a framework for an official digital currency that will be issued by the RBI.
February 2, 2021