However, the nonbank sector is evolving in response to new regulations, changes in investor preferences, and a multitude of other factors that are always influencing the financial system.
Since then, ATM networks have made interoperability the order of the day. Similarly, card networks have made it possible for us to pay for our purchases at any Point of Sale (PoS) terminal in India or abroad. The Clearing Corporation of India Ltd. (CCIL) and National Payments Corporation of India (NPCI) have set up world-class payment infrastructure for securities and retail segment respectively.