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On cyber security, BoB CEO and MD said that the banking industry needs to work on protecting the sanctity of the financial system.

US may have shelved digital currency plans, India and 43 countries are still at it

The number of countries experimenting with central bank digital currency has nearly doubled over the past three years, data from the Atlantic Council CBDC tracker shows

MobiKwik, Cred take the lead in CBDC rollout, launch e₹ wallets with Yes Bank

This launch follows RBI's announcement in April 224, which proposed extending CBDC to a broader user base. While Cred has introduced a beta version of its e₹ wallet for a select group of users, MobiKwik has rolled out a full-scale launch, making it available to all Android users.

Meetup at Lonavala: RBI holds discussions with banks and fintechs on ways to popularise CBDC

The meeting happens against the backdrop of declining usage of CBDC at the wholesale level and retail level. Despite a push from some banks and the regulator and interoperability with UPI, CBDC has been losing popularity

RBI Monetary Policy | RBI allows non-bank payment system operators to distribute retail CBDC

The governor added that this will facilitate testing of the resiliency of CBDC platform to handle multi-channel transactions.

SEACEN central banks coordinating to develop CBDCs, says RBI Bulletin

The overarching goal for developing CBDCs among the SEACEN central banks appears to be to create a resilient payment system

Have not set a timeline or date for CBDC launch, says RBI Governor Das

The RBI launched the wholesale pilot of CBDC on November 1 to settle trades of G-Secs using the digital rupee

RBI’s retail digital currency pilot recorded Rs 5.70 crore of transactions

The pilot recorded these transactions in the first four months of the trial, according to a right to information filing by Moneycontrol

CBDC: Has RBI monetary policy injected a new life into the digital currency?

RBI Governor Shaktikanta Das said in his monetary policy speech that the Central Bank Digital Currency would be pre-programmed for specific use cases. Moneycontrol spoke with experts to glean insights into how this would work

RBI meets target as December 27 saw more than 1 million CBDC transactions

In an end-of-the-year letter, Governor Shaktikanta Das also called on the Reserve Bank of India's staff to "finds ways to improve the efficacy and quality" of the central bank's service delivery.

IndusInd Bank joins Indraprastha Gas for Digital Rupee dealings in Delhi NCR

The RBI had in December 2022 started the retail pilot of its digital currency.

RBI to meet banks on November 24 for CBDC pilot review

The RBI had in December 2022 started the retail pilot of its digital currency.

UCO Bank receives RBI approval to join Central Bank Digital Currency initiative

Earlier, on August 1, 2023 while talking to Moneycontrol MD & CEO of the bank said that they will join the Reserve Bank of India's (RBI) Central Bank Digital Currency (CBDC) pilot project by September 2023.

Time for central bank digital currencies to prove their worth

The European Central Bank's significant step towards introducing a digital euro in the coming years underscores the need for the latest form of currency to demonstrate its value.

CBDC to be the future currency of the world: RBI governor

RBI Governor Shaktikanta Das remains bullish on India's growth in the digital sector. Speaking with IMF's Asia & Pacific Director Krishna Srinivasan, the RBI chief discussed the frontier issues of central banking in the context of the post-pandemic recovery.

G20 Summit: RBI to launch wholesale CBDC for call market by October

The RBI launched the pilot for its wholesale central bank digital currency in November. While there have been few transactions, RBI executive director Ajay Choudhary says the use cases are being tested in silos deliberately

RBI Governor asks fintech players to form self regulatory organisation

Addressing the industry at the Global Fintech Fest here, Das said fintech players need to evolve industry best practices to avoid misselling, stress on ethical practices, pricing transparency and take care of privacy and data protection concerns.

RBI plans to test some more use cases in wholesale pilot of CBDCs, says RBI Governor

Speaking at the Global Fintech Fest 2023, Das said, "Now we are planning to test some more use cases in wholesale pilot of CBDCs."

RBI considering introduction of CBDC in call money market soon

The introduction of CBDC was announced in the Union Budget 2022-23 by Finance Minister Nirmala Sitharaman

India very ambitious about UPI, wants to internationalise it, sources say

Indian authorities have been aggressively pushing the use of India's digital payment products over the last one year in what seems to be a larger driver to internationalise the rupee

CBDC adoption can make cross border payments more efficient: RBI Governor

Empirical data that RBI is generating would go a long way in shaping the policies and future course of action relating to CBDCs, the governor added

SBI and IDFC First Bank announces UPI usage on its CBDC mobile application

The central bank launched the first pilot of the digital rupee on October 31, 2022, in the wholesale segment and identified nine banks as participants.

Interview | Federal Bank’s unsecured retail segments working well: MD

Shyam Srinivasan said the unsecured business, which stands at 3 to 4 percent, may become 10 percent of its business in the next few years.

Digital rupee has wider scope but it can't replace physical currency: SBI chief

Dinesh Khara has noted that there is a scope and case for the co-existence of both physical currency and CBDC.

Bandhan Bank open to explore RBI's CBDC pilot, says MD Chandra Shekhar Ghosh

Bandhan Bank is open to exploring RBI's CBDC pilot and is examining the opportunities it presents for the bank, MD and CEO Chandra Shekhar Ghosh tells Moneycontrol