According to the Reserve Bank of India, the country's banking sector is well-regulated and sufficiently capitalised, and Indian banks have generally withstood the global downturn well. Innovative banking models like payments and small finance banks have been introduced, and schemes like the Pradhan Mantri Jan Dhan Yojana and Post payment banks have increased the banking sector's reach and financial inclusion in India. The digital payments system in India has evolved significantly, with the Immediate Payment Service (IMPS) being the only system at level five in the Faster Payments Innovation Index (FPII), and the Unified Payments Interface (UPI) revolutionizing real-time payments and striving to increase its global reach.