Top Headlines: CBDC rollout this FY, banks deal with sanctioned entities

The Reserve Bank of India is planning to introduce its Central Bank Digital Currency (CBDC) this fiscal year in a phased manner, initially for use only by wholesale businesses. Meanwhile, the Centre has told banks that they can exercise their commercial discretion and not deal with sanctioned entities, particularly in the case of Russia, while settling international trade in rupees. Read more on these in our top headlines.

India's CBDC roll-out likely this fiscal with wholesale businesses

The Reserve Bank of India (RBI) is planning to introduce its Central Bank Digital Currency (CBDC) this fiscal year in a phased manner,