Mumbai, April 22 -- Trade and settlement platform Clearing Corporation of India Ltd (CCIL) needs to expand its footprint globally and deepen its technology capabilities, Reserve Bank of India (RBI) deputy governor T. Rabi Sankar said on Wednesday.

Calling CCIL a cornerstone of India's financial market infrastructure, Sankar credited it with enabling one of the world's most transparent government securities markets.

"CCIL certainly should have a presence globally and be recognised. as an organisation to be reckoned with," Sankar said at the clearing house's 25th anniversary event in Mumbai.

He also said that it needs to act as a system-wide enabler. "I always recognise CCIL not as much as a financial infrastructure institution but as a ...