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RBI to introduce Central Bank Digital Currency in phases: deputy governor

The RBI has been exploring the pros and cons of the introduction of CBDCs since quite some time, deputy governor T Rabi Sankar said

Topics
Reserve Bank of India | digital currency

Anup Roy  |  Mumbai 



Photo: Reuters
Photo: Reuters

The (RBI) will introduce its own version of Central Bank (CBDC) in a phased manner and after carefully weighing its impact on various issues, including how it could hamper the deposit mobilisation abilities of banks, and its potential effect on the conduct of the monetary policy, deputy governor T Rabi Sankar said in a speech on Thursday.

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First Published: Thu, July 22 2021. 20:56 IST

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