CBDC adoption may take 2-3 years as banks struggle with tech, incentives | Finance News – Business Standard

Banks are slow to adopt the digital rupee as settlement via CBDC remains sluggish, offers limited benefits, and lacks the tech backbone needed for large-scale trading

Banks are slow to adopt the digital rupee as settlement via CBDC remains sluggish, offers limited benefits, and lacks the tech backbone needed for large-scale trading

Money market participants noted that most private sector banks are unwilling to trade in government securities and the call money market via CBDC | File image of Central Bank Digital Currency