WHY TO PARTICIPATE
Banknet India's Third Conference on Payment Systems in Banks on 10th January 2007 will be one the largest gathering of bankers. Nearly 500 delegates are expected to attend the conference. Banknet India's Second Conference on Payment Systems in Banks on 17th January 2006 at Taj Lands End, Mumbai was the largest gathering of bankers ever in a Banking Conference in India Read More
This Conference provide a unique opportunity to get first hand insight on Electronic Payment and Settlement Systems from the regulator and top bankers. Make the contacts that matter by networking with decision makers from banks and key players!
This Conference will be of great relevance for both bankers and vendors, as the Reserve Bank continues to strengthen the framework for payment and settlement systems and harness the full potential of information technology (IT) to improve operational efficiency.
1. The coverage of the RTGS system has increased significantly. By October 23, 2006 RTGS connectivity was available in 24,425 branches as against a target of 20,000 branches set for end-June, 2006. The number of monthly transactions of the system has exceeded 300,000. The Reserve Bank is committed to improving the quality of service and further increasing the number of customer transactions through the RTGS on a priority basis.
2. The national electronic funds transfer (NEFT) system for electronic transfer of funds, which was operationalised on November 1, 2005 is now available at 9,096 branches. The Reserve Bank is currently engaged in informing the public about the benefits of the system in order to ensure increased rural coverage.
3. The pilot project for cheque truncation system, which aims at enhancing efficiency in the retail cheque clearing sector, is expected to be implemented in New Delhi by end-December, 2006.
4. It was indicated in the Annual Policy Statement of April, 2006 that the National Settlement System (NSS) which aims at settling clearing positions of various clearing houses centrally would be introduced by end-December, 2006. Accordingly, to begin with, integration of the Integrated Accounting System (IAS) with the RTGS was initiated to facilitate settlement of various CCIL-operated clearings (inter-bank Government securities, inter-bank forex, CBLO and National Financial Switch) through Multilateral Net Settlement Batch (MNSB) mode in the RTGS in Mumbai. On stabilisation of MNSB in Mumbai, settlements at other centres under the NSS would be taken up in a phased manner.
"Banknet India Conferences provide a platform for knowledge sharing and networking for the professionals from banking, financial & technology industry. Participants attend these conferences in order to be informed, to interact, listen and exchange views with industry experts, to network with decision makers and to expand business relationships and opportunities."
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Please mail to us at
conference@banknetindia.com or call on 91-22-39543912 for details.
