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The Times of India

Business

PTI

Digital rupee a game changer, says SBI chairman Dinesh Khara

Dinesh Khara SBI Reserve Bank RBI New Delhi State Bank of India

NEW DELHI: SBI chairman Dinesh Khara on Friday said the Reserve Bank's first pilot project for retail digital rupee is a "game changer" with durable effects that should ensure better monetary transmission at much lesser costs.

The pilot project for retail digital rupee, RBI's central bank digital currency (CBDC) started in Mumbai, New Delhi, Bengaluru and Bhubaneswar on Thursday and State Bank of India (SBI) is one of the participating banks.

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