Real-time Gross Settlement (RTGS), rolled out by RBI for the Indian banking industry, has been successfully launched recently with a motive to put Indian banking on the global platform. How would it influence the way Indian banks do business?

Introduction of RTGS is a step in the right direction since the global trend is to adopt RTGS as a de facto international standard.

With the launch of RTGS in India, the banking system has attained complete e-banking status. With this significant move, India's payment and settlement system is now at par with developed nations using this system for long time. This will be a right step for making the Indian banking sector globally competitive.

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