Not in a hurry to launch CBDC; have to proceed carefully: RBI Guv Das

Central bank to consider findings of pilot projects before decision, he says

The Reserve Bank of India (RBI) is not going to hurry the launch of the central bank digital currency (CBDC) and it will do so after considering the learnings from pilot projects, said Governor Shakitkanta Das on Wednesday.

The idea is to introduce CBDC without disruption, so the central bank is going to proceed "very carefully", he said. The central government's budget this year announced a Digital Rupee will be issued by RBI in FY23.

Separately, the RBI plans to launch the digitised Kisan Credit Card (KCC) loans in 2023, after accounting for the learnings from a pilot in Madhya