SBI Chairman Dinesh Khara says digital rupee a game changer

Reserve Bank's first pilot project for retail digital rupee is a "game changer" with durable effects that should ensure better monetary transmission at much lesser costs, SBI Chairman Dinesh Khara said on Friday. The central bank started the pilot project for retail digital rupee (e₹-R) in Mumbai, New Delhi, Bengaluru and Bhubaneswar on Thursday and State Bank of India (SBI) is one of the participating banks. The project will later extend to Ahmedabad, Gangtok, Guwahati, Hyderabad, Indo ..