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    • Question

      Which bank is facilitating CBDC issuance for CRED's e₹

      wallet?
      A SBI Correct Answer Incorrect Answer
      B HDFC Bank Correct Answer Incorrect Answer
      C ICICI Bank Correct Answer Incorrect Answer
      D Axis Bank Correct Answer Incorrect Answer
      E YES Bank Correct Answer Incorrect Answer

      Solution

      YES Bank is the first sponsor bank facilitating CBDC issuance for a third-party application like CRED. This initiative follows RBI’s April 2024 monetary policy, which expanded CBDC-Retail access to non-bank payment operators, fostering a broader adoption of digital currency in India.

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