NEWSLINKS
MILLENNIUM- FEATURES
INDIA & THE W.T.O.
NEW GOVERNMENT
SPECIALS
INTERVIEWS
COMMENTARY
CREDIT POLICY
BUDGET 1999-2000
USEFUL INFO
ARCHIVES
SEARCH REDIFF

RBI putsY2K-OK seal on banks, FIs; BSE, NSE mock trades smooth

Cheque processing facilities at the four central bank centres in Bombay, New Delhi, Calcutta and Madras also did not encounter any problems.

All the computer systems, payment details and accounts of government departments, banks and financial institutions have been tested at the central bank offices and found to be Y2K-compliant.

The Bombay and National Stock Exchanges said on Saturday that the mock trading sessions to check for Y2K-related problems proceeded without any trouble.

The mock trading started at 11:00 hours Indian Standard Time (0530 GMT). Officials at the BSE and NSE said the trading sessions posed no problems to members.

Business