{"id":820297,"date":"2024-06-10T09:49:58","date_gmt":"2024-06-10T04:19:58","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=820297"},"modified":"2024-06-10T10:41:49","modified_gmt":"2024-06-10T05:11:49","slug":"must-invest-adequately-in-it-systems-rbi-governor-shaktikanta-das-to-banks","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/06\/10\/must-invest-adequately-in-it-systems-rbi-governor-shaktikanta-das-to-banks\/","title":{"rendered":"Must invest adequately in IT systems: RBI Governor Shaktikanta Das to banks"},"content":{"rendered":"<p>The Reserve Bank of India (RBI) on Friday underscored the urgency for banks to bolster their IT systems to keep up with the fast-paced growth of digital payments in the country. <\/p>\n<p>\u201cBanks should invest adequately (in IT systems),\u201d said RBI Governor Shaktikanta Das at a post-monetary policy press conference, adding, \u201cIT systems, the capacities, and the overall infrastructure have to keep pace with the growth of business.\u201d <\/p>\n<p>The RBI does not prescribe regulated entities, such as banks, the amount they should allocate towards their IT infrastructure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of India (RBI) on Friday underscored the urgency for banks to bolster their IT systems to keep up with the fast-paced growth of digital payments in the country. \u201cBanks should invest adequately (in IT systems),\u201d said RBI Governor Shaktikanta Das at a post-monetary policy press conference, adding, \u201cIT systems, the capacities, and the overall infrastructure have to keep pace with the growth of business.\u201d The RBI does not prescribe regulated entities, such as banks, the amount they should allocate towards their IT infrastructure.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-820297","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/820297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=820297"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/820297\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=820297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=820297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=820297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}