This requires the combined efforts of all participants in the financial system. In December, 2001 the Reserve Bank set out its vision of the road ahead in the document Payments System in India to share this vision with all participants and the nature and direction of reforms needed to achieve it.
The collective goal should be to make use of synergies between technology and finance to maximise the benefits to society. IX. Human resource development  The content of human resource development (HRD) has been changing in tune with the business environment.