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Money transacted online to lure voters in polls: EC

Innovative methods like transfer of funds through the RTGS banking system and concealment of currency wads inside car bonnets were detected by Election Commission as it took steps to curb the use......

FAQ: Just what are NEFT and RTGS?

National Electronic Fund Transfer and Real Time Gross Settlement allow individuals, companies and firms to transfer funds from one bank to another. You can check the RBI website for a list of......

Sebi fast-tracks money refund

The Securities and Exchange Board of India has directed bankers to public share issues to mandatorily use the real time gross settlement system for refund of money to investors.The system, which......

Uniform bank a/c numbers soon

Bank account holders will soon have a standardised unique individual account number with the introduction of real time gross settlement and straight-through processing in the banking sector.This is......

Banks to settle in real time

In a paradigm shift for the Indian banking industry, the real-time gross settlement system was finally launched on a live platform today by the Reserve Bank of India. With this -- among other......

RBI staff go on mass leave today

One long-pending issue RBI has been trying to sort with the government is pensions. About 16,700 employees of the Reserve Bank of India, including chief general managers, would go on mass casual......
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'SWIFT taught computers to Indian bankers'

annan Nov 23, 2015, DHNS The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides a network that helps financial... ...
RBI restores normalcy after staff leave trips settlements

MUMBAI: The RBI has swung into action after a mass leave by central bank employees halted payment and RTGS settlements on Thursday morning.... ...
Smooth settlement despite strike at RBI

Unions to step up agitation if government fails to act The mass leave called by Reserve Bank of India (RBI) unions did not result in major... ...
One-day RBI stir partially hits banking services

A one-day mass casual leave by 17,000 staff of the Reserve Bank of India (RBI) interrupted clearing and settlement operations of the RBI during the... ...
RBI operations affected due to mass strike

The article below represents a preview only and is not meant for reuse or republishing. New Delhi, Nov. 19 -- Normal banking transactions were... ...

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