Banca Monte dei Paschi di Siena must begin the 3  corporate reorganization and turnaround contemplated in its multi-year business plan, which has been scrutinized by the European institutions and which is capable of returning it to an adequate, and enduring, level of profitability.
At present, about 18 million transactions flow through the ECS system every month. This facility is currently available at 70 centers in the country. Settlement takes place on T+1 basis and the cycle gets completed on T+1. RBI is also in the process of developing a National ECS system – about which I will talk a little later.