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

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

21.01.2014 Views

RBI Initiatives in Payment and Settlement Systems (3) The Securities Settlement System • Providing centralized depository and settlement services • Seamlessly integrated with the NDS and RTGS Systems The Clearing Corporation of India • Secured netting services with central counterparty arrangements • G-Sec and Forex segments • Elimination of settlement risks with liquidity saving elements INSTITUTE FOR DEVELOPMENT AND RESEARCH IN BANKING TECHNOLOGY November 4, 2004 Vepa Kamesam, Chairman IDRBT

Smart Cards – The Future • Multi-application Smart Card • Channel of the future • Pilot project started • Pilot Project funded by MCIT, Govt. of India • The project is in progress in partnership with IDRBT, IIT Bombay, and Banks in India INSTITUTE FOR DEVELOPMENT AND RESEARCH IN BANKING TECHNOLOGY November 4, 2004 Vepa Kamesam, Chairman IDRBT

Smart Cards – <strong>The</strong> <strong>Future</strong><br />

• Multi-application Smart Card<br />

• Channel <strong>of</strong> the future<br />

• Pilot project started<br />

• Pilot Project funded by MCIT, Govt. <strong>of</strong><br />

India<br />

• <strong>The</strong> project is in progress in partnership<br />

with <strong>IDRBT</strong>, IIT Bombay, and Banks in<br />

India<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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