According to Ledger Insights, the Reserve Bank of India (the country’s central bank) is in discussions with four state-owned banks, State Bank of India, Punjab National Bank, Union Bank of India and Bank of Baroda, for an internal pilot of the digital rupee, which has yet to be officially confirmed. Additionally, according to Money Control, the RBI is working with other service providers and fintech firms, including banking solutions provider FIS, which recently launched a CBDC lab, to enable trials by the central bank and other ecosystem players.