Economics · Indian Economy

Which of the following descriptions accurately defines India's major financial communication network, INFINET?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1It is a specialized network operated by the RBI solely for foreign currency settlement.
2Managed by IDRBT, it connects commercial banks and financial institutions using a mix of VSAT and leased lines.✓
3It is operated by the National Informatics Centre for exclusive government-to-bank communications.
4It is a private cellular network meant only for branch-level customer retail transactions.

Correct answer

Managed by IDRBT, it connects commercial banks and financial institutions using a mix of VSAT and leased lines.

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