RBI will initiate release of Digital Rupee on November 1
2022/10/31 14:13
As per reports, the RBI will initiate the release of the Digital Rupee on Tuesday, November 1, 2022. However, this will be the wholesale segment of the digital rupee used for transactions in government securities.
The Indian Central Bank has also laid out the list of nine major banks that will be taking part in the pilot launch. As per the release these banks will be the State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC.
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