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Reserve Bank of India

Reserve Bank of India launches country’s first retail CBDC pilot

Wahid Pessarlay

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4 December, 2022

Reserve Bank of India launches country’s first retail CBDC pilot

Thirteen cities will be covered during the pilot, but at the start date, only Mumbai, New Delhi, Bengaluru, and Bhubaneswar...

India’s central bank to launch retail CBDC pilot in December

Wahid Pessarlay

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25 November, 2022

India’s central bank to launch retail CBDC pilot in December

A number of commercial banks will participate in the project with RBI noting that each financial institution will test the...

Telangana gov’t partners with Reserve Bank of India for Web3.0 regulatory sandbox

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20 November, 2022

Telangana gov’t partners with Reserve Bank of India for Web3.0 regulatory sandbox

The sandbox aims to help Web 3.0 startups innovate with blockchain, the metaverse, non-fungible tokens (NFTs), and other similar technologies.

India to explore if digital rupee can reduce government securities trading fees

Wahid Pessarlay

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3 November, 2022

India to explore if digital rupee can reduce government securities trading fees

The Reserve Bank of India expects the digital rupee would “pre-empt the need for settlement guarantee infrastructure or for collateral...

India central bank tests e-rupee to stifle digital assets effects

Wahid Pessarlay

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12 October, 2022

India central bank tests e-rupee to stifle digital assets effects

One of the reasons the RBI explores the possibilities of a CBDC is its potential to improve cross-border payments while...

Reserve Bank of India in talks with global financial institutions, local banks on piloting CBDC

Wahid Pessarlay

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10 September, 2022

Reserve Bank of India in talks with global financial institutions, local banks on piloting CBDC

India is eager to kickstart its CBDC trial, partnering with renowned fintech firms to ensure the success of the initiative,...

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