Finance · Banking Technology
Regarding the data communication networks used by banks in India, the term INFINET (Indian Financial Network) refers to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A public, unencrypted network shared by all telecom operators for general banking services.
- 2A global interbank messaging system similar to SWIFT.
- 3A closed, dedicated satellite-and-terrestrial data communication network for banks, managed by the IDRBT.✓
- 4An encryption standard used exclusively for the secure transfer of funds between two public sector banks.
Correct answer
A closed, dedicated satellite-and-terrestrial data communication network for banks, managed by the IDRBT.
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