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.
These measures include: 1) reduction in the monetary policy rate by 125- basis points since the start of the year; 2) reduction in the reserve requirement ratio by 200 basis points; 3) purchases of Government Securities (GS) in the secondary market; 4) reduction in the overnight reserve repurchase (RRP) volume offering; 5) engaging in repurchase agreement with the National Government amounting to P300 billion; and 6) approval of a package of measures to further reduce the financial burden on loans to micro, 2/3  BIS central bankers' speeches  small and medium enterprises (MSME), which would help hasten the sector’s recovery.