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Union Bank of India employees unhappy for getting perks in digital currency

RBI Digital Currency: Union Bank of India aims to adopt Reserve Bank of India s digital rupee for employee benefit schemes, encouraging CBDC wallet transactions among staff members. Initially, the bank plans to credit specific allowances directly to the digital wallet, yet encounters resistance from some employees, prompting a protest from the All India Union Bank Employees Federation. They advocate for management to consult staff before enforcing this initiative. ....

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SBI clocks over 9 lakh CBDC transactions since December 2022, says official

The RBI started the pilot testing of CBDC in November last year in the wholesale segment and later in December it was extended to retail segment. ....

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Reserve Bank Of India's Game-Changer: Wholesale CBDC On The Horizon For Call Money Market | Personal Finance News

The introduction of CBDC was announced in the Union Budget 2022-23, by Finance Minister Nirmala Sitharaman and necessary amendments to the relevant section of the RBI Act, 1934 was made with the passage of the Finance Bill 2022. ....

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HDFC Bank Onboards Over 1 Lakh Customers, 1.7 Lakh Merchants On Digital Currency Pilot

The largest private sector lender HDFC Bank on Thursday claimed that it has on-boarded over 1 lakh customers and more than 1.7 lakh merchants on the CBDC pilot programme and activated an interoperable UPI QR code with the e-rupee platform. ....

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CBDC will transform the way of doing business: RBI Governor Shaktikanta Das on e-rupee launch

There will be some technological challenges, some process challenges and the RBI will want to iron out all those aspects and introduce the CBDC in a manner that is non-disruptive, Shaktikanta Das said. ....

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