As you know, the Reserve Bank for India was constituted “to regulate the issue of Bank notes and the keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage”.
But what we are currently seeing is quite a considerable change for a country which is strongly accustomed to paying in cash. Trend 3: Emerging means of payments other than € Another trend is the emergence of new forms of digital means of payments.