Central Banking

Indian committee suggests overseas clearing agent

INDIA - A committee set up to study the Indian financial system's payment and settlement modes has recommended creating an overseas clearing agent and a guarantee fund for foreign exchange clearing, a central bank statement said on 16 July.

The group, which released the third part of its study, also suggested integrating banks and the Clearing Corporation of India with the real-time gross settlement system (RTGS).

The Reserve Bank of India (RBI) said the group, constituted by the Standing

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: