Recent Trends

RBI-1983 Damle - Report of the working group to consider Feasibility of Introducing MICR/OCR Technology for cheque processing RBI-1984-Dr.C.Rangarajan Committee Report on Mechanisation RBI -1994 Saraf Committee on Technology Issues RBI-1996 Shere Committee on Electronic Funds Transfer & Other Electronic Payments RBI-1999- Vasudevan Committee on INFINET RBI-2001- Dr.Mitra Report of the Expert Committee on Legal Aspects of Bank Frauds

 2002- Zarir Cama Report of the Working Group on Electronic Money RBI-2003- Dr.R.B.Barman,ED,RBI Working Group on Cheque Truncation and e-cheques

Recent Trends
Electronic Commerce / Electronic Data Interchange (EDI) by banks IDRBTs INFINET & Structured Financial Messaging System (SFMS) through internet IDRBTs Multi-Application Smart Card based Payment System IDRBTs National Financial Switch (NFS)

Recent Trends
Cheque Truncation Smart Quill Computer Pen Salient features of RTGS Real Time Gross Settlement RBI-Payment & Settlement Systems Vision 2005-08 Retail Payment System Online Tax Accounting System (OLTAS) Online Indirect Taxes Accounting System (OLITAS)

Recent Trends
Cheque Cards Terrestrial Microwave Radio Transmission Satellite Microwave (Geo-Stationary Satellite) Communication through use of Optical Fiber Technology NET (Packet Switched Public Data Network) HVNET (High Speed VSAT Networks Teleconferencing Internet Banking Virtual / Digital / e-Sign Signatures in Banking Cheque Clearing using Magnetic Ink Character Recognition (MICR) Technology Facilities for paper based clearing

Recent Trends
BANKNET Computerized Message Transfer (COMET) Very Small Aperture Terminal (VSAT) Regional Grid Clearing Collection of Outstation Cheque Credit Cards/Debit Cards Plastic Card / Smart Card / e-Purse Laser Card

Recent Trends
Electronic funds transfer systems - plain messages (Telex or data communication) - structured messages (SWIFT, etc...) - RTGS Information Technology - Current trends - Bank net, RBI net, Datanet, Nicnet, I-net, Internet, E-mail,