International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Understanding Central Bank Digital Currency in India: Assessing its Implications for Commercial Banks

Author(s) Mr. Davesh Rawat, Ms. Srishti Sori, Mr. Virendra Kumar, Ms. Mansi Srivastava, Mr. Sanjay Singh Rawat, Mr. Shivam Gupta
Country India
Abstract The evolution of Central Bank Digital Currencies (CBDCs) is a paradigm shift in the global financial panorama. Through the Digital rupee (e₹) initiative of Reserve Bank, India is actively exploring its own model. Backed by State, CBDC aims to enhance efficiency of payment by reducing reliance on physical currency and foster financial inclusion. However, this emergence of CBDC raises significant questions about its impacts on commercial banks which traditionally serves as the backbone of the financial system of a Country through its exclusive functions of deposit mobilization, credit creation and facilitation of payments.
This paper examines the impact of CBDC adoption on commercial banks in India. It explores how the Digital Rupee may affect the deposit base, management of liquidity and profitability of banks. Analyzing global experience such as Bahamas’ SandDollar, Nigeria’s eNaira, European eEuro, etc., the paper contextualizes the Indian approach within a comparative framework.
The findings aiming contribution to the current discourse on digital money and stability of banks and offering suggestions for regulators and financial institutions to navigate this emerging landscape.
Keywords CBDC, Reserve Bank of India, E- Rupee, Commercial Banks, Digital Currency
Field Sociology > Administration / Law / Management
Published In Volume 7, Issue 6, November-December 2025
Published On 2025-12-25
DOI https://doi.org/10.36948/ijfmr.2025.v07i06.64489
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