CBDC and ULI make further inroads; state govts show increasing interest: RBI Dy Governor Rohit Jain
RBI Deputy Governor Rohit Jain reported a rise in the adoption of Central Bank Digital Currency (CBDC) and Unified Lending Interface (ULI) on Wednesday. Twelve states have digitized land records, with more governments expressing interest in these technologies. This trend indicates a significant shift towards digital finance in India, impacting future financial transactions.