The RBI raised this issue in its concept note too. It observed, a non-interest bearing CBDC can avoid a major disruption to banking services and a possible disintermediation of banks. However ...

With the use of central bank digital currency (CBDC) remaining low, the Reserve Bank of India (RBI) is now exploring cash transfer schemes by state governments as a means to promote the digital rupee.

RBI’s Annual Report 2021-22, released last week, said, “The Reserve Bank proposes to adopt a graded approach to introducing CBDC, going step-by-step through stages of Proof of Concept ...

When it comes to CBDC, RBI seems to have taken Edward Hickson's 1840 moral song, 'Perseverance, Or Try Again', to heart: 'If at first you don't succeed, try, try, try again.' Launched in late 2022 ...

Mumbai (Maharashtra) [India], April 5 (ANI): The Reserve Bank of India has proposed cash deposit in banks through Unified Payment Interface (UPI) mechanism. RBI has also proposed making UPI ...

What's happening to the CBDC? Although the RBI has vehemently opposed cryptocurrency, its own Central Bank Digital Currency (CBDC), which had been launched as a pilot project on December 1 ...

Nine months after the Reserve Bank of India (RBI) announced allowing non-bank payments players into central bank digital currency (CBDC) pilots, two private fintech firms, CRED and MobiKwik ...

Last month, non-banks such as MobiKwik and Cred received the nod to roll out an e₹ wallet for their users nearly a year after the Reserve Bank of India (RBI) proposed to make CBDC-R (CBDC-Retail ...

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