Explained: How RBI ensured payment system stayed Covid-proof

200 staff, bio bubble, three data centres among over 100 measures taken to preserve financial stability

Photo: Bloomberg
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Photo: Bloomberg

Subrata Panda Mumbai
The Reserve Bank of India (RBI) went on a war footing and created a “bio-bubble” arrangement across its data centres to ensure all its critical functions ran with zero downtime and full efficacy during the pandemic.

The crisis management team approved the setting up of the bio bubble on March 17, 2020, a week before the nationwide lockdown was announced.

To ensure adequate supply of currency to the public, bank notes and coins in various denominations were transported by arranging dedicated trains and airlifting of currency.

These were among the hundred measures that were taken by India’s central bank during

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First Published: Feb 27 2023 | 9:33 PM IST

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