Various forms of liabilities are increasing due to the socialization of the costs of overcoming the crisis. How all of these liabilities, which have to be dealt with at the national level without individual agents assuming any responsibilities, can be resolved, and at what cost, remains a burden on us.
The volume of RTGS transactions have grown over the years and currently settles approximately a volume of around 3 lakh transactions a day. This raised issues of scalability of the existing RTGS system which was developed to handle a volume of 50,000 per day. Further, it is a well known fact that RTGS, being a gross settlement system, is liquidity intensive system.