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RBI mulls lightweight payments & settlements for smooth ops during calamity

The system will ensure zero processing downtime during catastrophes such as natural disasters and war

RBI, SHAKTIKANTA DAS, RESERVE BANK OF INDIA
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BS Reporter Mumbai
2 min read Last Updated : May 31 2023 | 3:24 PM IST
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The Reserve Bank of India is working on a Lightweight Payment and Settlement System (LPSS) to ensure that the processing of transactions continues without disruption during catastrophic events such as

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Topics : RBI payment systems

First Published: May 31 2023 | 3:24 PM IST

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