About the Book: Banking With Technology
Indias banking sector has made rapid strides in reforming and aligning itself to
the new competitive business environment. The Indian banking industry is in the
midst of an information technology revolution. Technological infrastructure has
become an indispensable part of the reforms process in the banking system, with
the gradual development of sophisticated instruments and innovations in market
practices. The Reserve Bank of India has taken active interest in developing
appropriate technological infrastructure to facilitate market development in
areas such as payment and settlement systems, delivery versus payment, and
electronic funds transfer. For modernizing the payment and settlement systems in
India, a three-pronged approach