Officials indicated that the platform for CBDC is being hosted by the National Payments Corporation of India and will be similar to the current UPI platform. The central bank wants each bank to test the retail CBDC with 10,000 to 50,000 users for the pilot project.
AI may hurt IT today, but it could create the sector’s next growth engine: Baroda BNP Paribas MF
AI may disrupt traditional revenue streams in India’s $280-billion IT services industry, but Rohan Korde of Baroda BNP Paribas Mutual Fund believes it could also