Major recommendations of the Committee on Payment Systems on Payment and Settlement System Bill, 2018
By Vishes Kothari & Simran Jalan (finserv@vinodkothari.com) Introduction Major reforms are being proposed to the Payments and Settlement Systems Act, 2007 so as to be able to catch up with the fast changing payments landscape in the country. An Inter-Ministerial Committee was constituted in October, 2017 to finalise the draft bill called the Payment and Settlement […]