6  BIS central bankers’ speeches  Institution building 39. The Reserve Bank is proud of its record as an institution builder. This has been the case in the area of payment and settlement systems too where we built robust institutional structure as part of responsible financial regulation.
We promoted the CCIL for central clearing and trade warehousing in large value payment systems, the IDRBT for promoting development and research in banking technology and NPCI to act as an umbrella organisation for retail payment systems.