The Reserve Bank of India (RBI) announced on Monday that it will begin piloting the Digital Rupee for specific use cases on November 1, 2022. The first digital rupee pilot began in the wholesale segment on Tuesday, according to the news. 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 are among the nine banks participating in the pilot.
All you need to know about Digital rupee
The Reserve Bank of India (RBI) announced on Monday that it will begin piloting the Digital Rupee for specific use cases on November 1, 2022. The first digital rupee pilot began in the wholesale segment on Tuesday, according to the news. 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 are among the nine banks participating in the pilot.
