In addition, we have asked banks to integrate approved FIPs with their business plans and to include the criteria on financial inclusion as a parameter in the performance evaluation of their staff. 17. As a result, banks have made further stride in providing banking services to the people.
This will include the offshore RMB clearing banks. BIS central bankers’ speeches  1  CIPS is designed to provide an infrastructural buffer for the expected growth in RMB transactions. CIPS processes offshore RMB payments only.