Central Banking

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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