Q. What is the name of reserve Bank of India’s VSAT based communication system which is used for financial transaction between banks?
Answer: INFINET
Notes: Reserve Bank of India (RBI) is introducing a VSAT (very small aperture terminal) based communication system with Hyderabad as the hub. VSATs allow branches to establish wireless connectivity with their bank's core banking solution platform. The RBI's INFINET is a Closed User Group (CUG) network for the Indian banking and financial sector. INFINET is primarily a VSAT and leased line based network.