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Informist, Friday, Dec. 5, 2025

--RBI Sankar: CBDC transactions value around INR 280 bln 
--RBI Sankar: Focussing on creating unique use-cases for CBDC 
--RBI Sankar: CBDC volume reaching 120 mln 

MUMBAI – The Reserve Bank of India is focused on creating unique use-cases for central bank digital currency, Reserve Bank of India Deputy Governor T. Rabi Sankar said Friday. The central bank is working with central and state governments, as well as banks, on experiments and pilots programmes on central bank digital currency features for specific schemes and products, he said.  

"The retail CBDC (central bank digital currency) is in good shape," Sankar said. "We are focusing on creating a unique use cases for CBDC." The retail CBDC is gaining traction, with over 8 million users and about 120 million transactions. The transaction value stands at around INR 280 billion. 

The RBI is experimenting with various programmable features, and cross-border arrangements are key focus areas for the central bank, aiming to make the central bank digital currency more accessible and widely accepted. "Going forward, we are hoping that some of them (central bank digital currency programmes) will become acceptable to an average user and that is largely the focus. The other focus is on getting cross-border arrangements in. So, overall, it is proceeding as per expectations."

At an event on Nov. 7, Sankar, who has been the key official behind India's digital currency, said the digital currency could play a bigger and better role in cross-border transactions. It would help in significantly cutting cost – currently paid to banks – for settling the transactions. However, to revolutionise cross-border digital currency payments, international agreements are needed to promote it collectively, the central banker said.  End

Reported by Vaishali Tyagi

Edited by Avishek Dutta

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