RBI CBDC: Digital Rupee pilot to start from November 1; SBI, HDFC, 7 other banks to participate in wholesale launch

Digital Rupee pilot for wholesale segment: RBI has identified nine banks including 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 for the participation in the pilot launch of Digital Rupee-Wholesale segment.

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