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Kotak Mahindra Bank Limited (KMBL) has implemented the first phase of the Reserve Bank of India's (RBI) Digital Rupee (eRs). KMBL is among the eight banks shortlisted by RBI to implement a pilot project for the issuance of Digital Rupee, a legal tender that is similar to banknotes and coins, issued in a digital form by RBI.Kotak Mahindra Bank has rolled out the Central Bank Digital Currency (CBDC) to a Closed User Group (CUG) of customers, which includes retail consumers and businesses. The bank will launch the Digital Rupee pilot in Mumbai, Delhi and Ahmedabad.
Which fintech company has become the first to integrate RBI’s digital currency (CBDC) in its platform?
Consider the following statement about Export Promotion Capital Goods (EPCG) norms:
I. Govt has announced a one-time relaxation with respect to m...
What is the primary objective of the India-Korea Electronic Origin Data Exchange System (EODES), recently launched in New Delhi, and how does it contrib...
Coal India's production grew by what percentage in the current fiscal year (up to September 12, 2024)?
Which of the following cities has been declared as India's first ‘Water Plus’ city?
Nine states have raised Rs 13,500 crore through the auction for state government securities.Which state has raised the highest amount of Rs 4,000 cror...
What is the main objective of the “RBI Kehta hai” Campaign?
Who is known as the ‘Father of Angioplasty’ in India, who passed away in 2025?
Consider the following Statements in Regards to Wings India 2024:
1. Begumpet Airport, Hyderabad hosts the aviation extravaganza.
2. It is...
Who is the author of the book “The Maverick Effect: The Inside Story of India's IT Revolution”?