JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
Finance Minister Nirmala Sitharaman on Thursday said the government and the Reserve Bank are actively engaged in improving the central bank digital currency (CBDC) so that it can be used for cross-border payments.
RBI began the pilot project wholesale CBDC and picked up nine banks -- 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.
Besides, RBI has already rolled out a pilot in the retail version of CBDC or e-rupee on December 1, 2022. The e-rupee is in the form of a digital token that represents legal tender.
Also Read : Coal India sets production and supply records Govt to sell 7% in NLC India via offer-for-sale, aims to raise ₹2,058 cr
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