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The outstanding of CBDC in the retail segment increased to Rs 234 crore in March 2024 from Rs 5.7 crore the previous year, while in the wholesale segment it stood at Rs 8 lakh in March 2024 from Rs 10.6 crore. The use of India's Central Bank Digital Currency (CBDC) in the retail segment increased 39 times over the previous year, even as outstanding in the wholesale segment fell.
India Business News: Mumbai: RBI governor Shaktikanta Das said offline accessibility, which is in the works, will make the digital rupee an attractive choice for retail us.
Ten years into its centenary year, RBI is at its historic 90 years of existence with its professionalism and commitment towards the Indian Banking System.
Discussions underway with RBI on crypto, digital currency: FM Sitharaman : Rashtra News #Discussions #underway #RBI #crypto #digital #currency #Sitharaman Finance Minister Nirmala Sitharaman on Monday said discussions with regard to private cryptocurrencies and central bank-backed digital currency have been going on with the Reserve Bank and a decision will be taken after due deliberations.
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