Central Banking

RBI's Reddy on payment and settlement systems

In the speech 'Payment and settlement systems - select issues' given on 20 October YV Reddy of the Reserve Bank of India said the RBI has formulated a 'Payment and Settlement Systems Vision' document for the use of banks, financial institutions as well as the general public.

"The vision document outlines the short- and medium-term plans of the Reserve Bank for the various payment and settlement systems in the country. The broad contours outlined in the document enable the banks to plan their

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