Reserve Bank of India’s approach to regulation and development of the financial markets has been guided by three broad principles. i. First, the menu of financial products available to enable economic agents to hedge emergent risks and meet their funding requirements should be widened. ii.
On 21 November, the pan-European instant credit transfer scheme established by the European Payments Council (EPC) went live thanks to the efforts undertaken by the payment service providers (PSP) and automated clearing houses (ACH).