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Search Results for: Ajay Kumar Choudhary

India considers offline functionality of CBDC: RBI
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8 March, 2023

India considers offline functionality of CBDC: RBI

Reserve Bank of India Executive Director Ajay Kumar Choudhary said that since the CBDC will have all features of physical...
Reserve Bank of India: Phased retail and wholesale CBDC implementation still in the works
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26 July, 2022

Reserve Bank of India: Phased retail and wholesale CBDC implementation still in the works

Ajay Kumar Choudhary stated that the RBI would leverage the Union Budget 2022-23 that gives legal backing to the CBDC...
India’s central bank sets up fintech department to oversee CBDC development
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13 January, 2022

India’s central bank sets up fintech department to oversee CBDC development

The department will promote innovation and aid policy interventions by the central bank while also overseeing the advancement of a...
Reserve Bank of India launches wholesale CBDC pilot for short-term loans
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26 October, 2023

Reserve Bank of India launches wholesale CBDC pilot for short-term loans

Under the wholesale CBDC pilot, the RBI will test the viability of atomic settlements using blockchain plus the additional functionality...
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