Banking · Technological Evolution of CMS
Consider the following statements regarding the technological evolution of Cash Management Services (CMS) in India: Statement I: Application Programming Interface (API) banking allows corporate entities to trigger real-time payment instructions and fetch balance updates directly from their internal accounting software. Statement II: The National Automated Clearing House (NACH) platform, managed by the NPCI, has revolutionized bulk periodic collections by providing a robust framework for mandate management. Statement III: Recent RBI guidelines have mandated that all domestic inter-bank cash management settlements must be executed using Blockchain technology to allow real-time monitoring without a clearing house. Based on the statements provided above, which of the following are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only II and III
- 2I, II and III
- 3Only I and II✓
- 4Only I
Correct answer
Only I and II
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