Mumbai, Apr 7: The Indian Banks Association (IBA) on behalf of its member banks has asked the Reserve Bank of India (RBI) for three more months for Y2K compliance, according to the Bank of Baroda chairman K Kannan.
RBI had set March 31, 1999 as the deadline for all banks to be Y2K compliant.
Union finance secretary Vijay Kelkar, who had a meeting with bank chief executives today, told reporters that some of the banks which were lagging behind in making their systems Y2K compliant would require counselling.
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