Bank (public sector) · India
Union Bank of India
Union Bank of India · unionbankofindia.bank.in (opens source in new tab)
Crypto readiness score
2/3 status dimensions verified · 1 initiative · last verified 2026-11-10
Score breakdown
How the number above is built — every input is a verified tracker status with a dated source.
| Component | Weight | Points | Basis (verified input) |
|---|---|---|---|
| Commercial availability | 35 | 10.5 | Pilot / proof of concept · initiative |
| Regulatory standing | 25 | — | No verified status — not scored |
| Technical delivery | 20 | 8 | Pilot / proof of concept · initiative |
| Product breadth | 15 | 5 | 1 product category with a verified status: Retail CBDC distribution |
| Recent verified activity | 5 | 0 | No verified change in the last 365 days |
Score = sum of points, rounded. Only verified tracker statuses count; “Unknown” earns nothing and is never estimated. Methodology
Initiatives (1)
Regulatory, technical and commercial status are kept separate: an authorisation is not a launch.
Retail CBDC distribution · India
Union Bank of India retail digital rupee (e₹-R) wallet in the RBI CBDC pilot
- regulatory
- Unknown
- technical
- Pilot / proof of concept2022-11-29
- commercial
- Pilot / proof of concept
The Reserve Bank of India named Union Bank of India among four banks to join its retail digital rupee (e₹-R) pilot after the first phase. Union Bank of India’s current Digital Rupee page says its Digital Rupee by UBI app is available in pilot mode to the bank’s customers, with UPI interoperability.
Scope: Retail CBDC pilot run by the RBI; Union Bank of India as distributing bank.
In tracker · last verified 2026-11-10
Licences & registrations
Regulator records (or MiCA Art. 60 notifications — a notification, not an authorisation).
No licence or registration record in our verified data. This means “not reviewed”, not “unlicensed”.
Partners & providers
From tracker records and verified item text only. “Co-named” means both appear in the same source — open it for context. Full map
- BCV · named role (tracker) · issuer and pilot operator
Regulator records & actions
Register entries and regulator publications that name this institution.
- 2022-11-29Primary record · Reserve Bank of IndiaOperationalisation of Central Bank Digital Currency – Retail (e₹-R) Pilot (opens source in new tab)
Markets (from stated target markets): India
Timeline
Status changes (tracker history), verified items and regulatory dates, newest first.
2022-11-29 · Status
RBI: Union Bank of India among the four banks to join after the first phase of the retail digital rupee pilot.
Data: /api/banks.json (CC BY 4.0) · Spot an error? Corrections
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