In order to establish an efficient, cost-effective and dependable communication backbone, the INFINET has been set up. About 150 banks, primary dealers and mutual funds have become members. Structured Financial Messaging Solutions are being implemented for secure message transfers across members of the INFINET (Indian Financial Network). Common inter-bank application software has been designed, taking into account the security requirements.
4/7  BIS central bankers' speeches  a. MSME Sector (i) Factoring transactions To increase liquidity support for the MSME sector, RBI had allowed factoring transactions on ‘with recourse’ basis to be classified as eligible for priority sector by banks. Further, the factoring transactions taking place through TReDS are also eligible for classification under priority sector.