Senior Officials from RBI, IDRBT, 100 Banks & FIs to come together

Payment and Settlement systems form the backbone of any banking system. Top Management of Reserve Bank of India, IDRBT and senior officials from 100 Banks and FIs will come together at Banknet India’s Conference on Payment Systems in Banks on 17th January 2006 at Taj Lands End, Mumbai, India.

The conference will focus on Payment System Upgradation in Banks, Cheque Truncation, Automatic Clearing House (ACH), Electronic Clearing Service (ECS), RTGS, Card Payment Systems, Cash Management etc. It will also discuss the impact of new regulations like AML, KYC, Basel II and Technologies on Bank Products & Services.

Banknet India’s Conference on Payment Systems in Banks would see the largest gathering of bankers ever, in an Indian Banking Conference. An exhibition will also be organized in the pre-conference area and more than 20 exhibition stalls will showcase the products of major technology vendors.

Dr. R. B. Barman, Executive Director, Reserve Bank of India (RBI) is the Chief Guest and Mr. Arvind Sharma, Director, Institute for Development and Research in Banking Technology (IDRBT) will be the Guest of Honour. Mr. A. P. Hota, Chief General Manager, DPSS, RBI will deliver the key note address.

According to Mr Anurag Khanna, CEO, Banknet India, this conference assumes great importance as RBI is strengthening the computerized cheque clearing and expanding the reach of Electronic Clearing Services (ECS) and Electronic Funds Transfer (EFT). This Conference is of immense value for the senior bank executives as banks in India are quickly upgrading their payment systems, largely driven by the need to modernize and meet regulatory requirements.

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