RBI to set up new payment board
The Reserve Bank of India is to set up a board for payment and settlement systems to provide efficient governance and best practices in risk management. This would ensure that all payments and settlements in the country are subject to good and efficient governance and that they adopt the best practices in risk management, RBI governor YV Reddy said.
Source: Business Standard
Reserve Bank of India (RBI) will set up a board for payment and settlement systems (BPSS) to provide efficient governance
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