Which among the following maintains Real Time Gross Settlement?
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Reserve Bank of India
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Asian Development Bank
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World Bank
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State Bank of India
A
Correct answer
Explanation
The Reserve Bank of India (RBI) maintains and operates the Real Time Gross Settlement (RTGS) system. RTGS is used for large-value transactions where funds are settled on a real-time and gross basis. The RBI is India's central banking institution responsible for monetary policy and payment systems.