Important - Committees

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written 6.3 years ago by

teamques10 ★ 70k

modified 3.5 years ago by

sagarkolekar ★ 11k

(a) Recommendations of the Committee on Technology Issues relating to Payments System, Cheque Clearing and Securities Settlement in the Banking Industry (1994)

Establishment of an Electronic Funds Transfer (EFT) system, with the BANKNET communications network as its carrier. The message transfers would be in a batch mode with high value …

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