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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