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The Future of Banking-andhrabank-nov4-04.pdf - IDRBT

The Future of Banking-andhrabank-nov4-04.pdf - IDRBT

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RBI Initiatives in Payment<br />

and Settlement Systems (2)<br />

A Real Time Gross Settlement System<br />

• Reduction <strong>of</strong> systemic risk in inter bank<br />

payment systems<br />

• To be implemented by the year end<br />

<strong>The</strong> Centralised Funds Settlement System<br />

• Facilitating effective liquidity management<br />

<strong>The</strong> Negotiated Dealing System<br />

• A modern electronic dealing platform for gilts<br />

• Enabling Straight Through Processing<br />

INSTITUTE FOR DEVELOPMENT AND<br />

RESEARCH IN BANKING TECHNOLOGY<br />

November 4, 2004<br />

Vepa Kamesam, Chairman <strong>IDRBT</strong>

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