Central Banking

RBI asks Indian banks to be ready with RTGS

A meeting held at the Reserve bank of India urged banks to be ready for the introduction of India's Real Time Gross Settlement, which is expected to begin simulated tests before the year end. Deputy governor Vepa Kamesam spoke at the meeting designed to assess banks preparedness for the introduction of the system.

Source: The Hindu

The Reserve Bank of India Deputy Governor, Vepa Kamesam, today urged banks to ensure complete infrastructural and human resource readiness and connectivity and secur