BCM Challenges in Indian Banking Industry - DRI-India

Recommendations

Info

NEFT• National Electronic Funds Transfer (NEFT) is a nation-wide paymentsystem facilitating one-to-one funds transfer. Under thisScheme, individuals, firms and corporates can electronicallytransfer funds from any bank branch to any individual, firm orcorporate having an account with any other bank branch in thecountry participating in the Scheme.• For being part of the NEFT funds transfer network, a bank branchhas to be NEFT- enabled.• Presently, NEFT operates in hourly batches - there are elevensettlements from 9 am to 7 pm on week days (Monday throughFriday) and five settlements from 9 am to 1 pm on Saturdays• There is no limit – either minimum or maximum – on the amount offunds that could be transferred using NEFT. Per transaction islimited to Rs.50,000/- for cash-based remittances© 2012, www.periculum.in Internal18
RTGS• The acronym 'RTGS' stands for Real Time Gross Settlement, whichcan be defined as the continuous (real-time) settlement of fundstransfers individually on an order by order basis (without netting).• RTGS system is primarily meant for large value transactions. Theminimum amount to be remitted through RTGS is ` 2 lakh. There isno upper ceiling for RTGS transactions.• In RTGS, the beneficiary bank has to credit the the beneficiary'saccount within two hours of receiving the funds transfer message.• As on September 29, 2011, there are more than 78,000 RTGSenabled bank branches.© 2012, www.periculum.in Internal19
Page 1: BCM - Challenges in IndianBanking I
Page 6 and 7: High Level Principles of BCBasel- I
Page 8: BCM Challenges in Indian Banking In
Page 11 and 12: BCM Challenges in Indian Banking In
Page 13 and 14: Core Banking System• Gartner defi
Page 15 and 16: Recovery Plan Considerations for Co
Page 17: CPSSPayment & Settlement• Committ
Page 21 and 22: RTGS & NEFTPayment & Settlement•
Page 23 and 24: ATMs• Automated Teller Machine is
Page 25 and 26: Key HR Recovery Challenge for Banks
Page 27 and 28: Managing ContinuityOutsourced Funct
Page 29 and 30: BC Challenges - Testing of BC Plans
Page 31 and 32: Major Challenge - Embedding BC Cult
Page 33 and 34: Embedding BC CultureTraining & Awar
Page 35 and 36: Summary of Key Challenges• Approa
Page 37: Thank YouFor feedback/suggestions :

BCM Challenges in Indian Banking Industry - DRI-India

Create successful ePaper yourself

Delete template?

Save as template?