Our approach towards intra-day liquidity and potential gridlock resolution follow international patterns. An evaluation of the various components of the RTGS system vis-à-vis the critical evaluation parameters set by the Bank for International Settlements, Basle indicates that we are close to the best on most of the parameters.
The facility for inter-bank funds settlement through RTGS is available today across more than 23,700 branches of banks spanning more than 500 centres in the country. While it is reassuring to note that transactions with large aggregate value are being settled through the RTGS system, with average daily settlement amounting to more than Rs.