RBI deputy praises Indian payment and settlement systems
R Gandhi notes the ever-increasing volume handled by state-of-the-art systems
India has "perhaps the world's best" payment and settlement systems, a deputy governor of the Reserve Bank of India (RBI) said on July 18.
R Gandhi told an audience in Hyderabad that payment systems were one of the "major beneficiaries" of the use of IT in the banking industry. India's systems are "handling ever-increasing volumes", he said.
Security remains paramount, however. "While it is satisfying to note that there are new initiatives in payment systems aimed at providing better customer
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