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Real Time Gross Settlement

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K'taka seer facing sexual assault case gets HC nod to sign cheques from jail

The high court of Karnataka on Friday allowed chief pontiff of Murugha Math Shivamurthy Murugha Sharanaru, facing a case of sexual assault on minor girls, to sign cheques from jail. IMAGE: Chief......

'SBI is telling an utter lie'

'Mumbai main branch (SBI headquarters) has all the data ready-made. It doesn't take even an hour to out the data from the system.' IMAGE: A five-judge Constitution bench comprising Chief Justice......

Modi Bluster Missing From Budget

With the reality of coalition politics staring the BJP in its face, this was inevitable, points out Ramesh Menon. IMAGE: Finance Minister Nirmala Sitharaman leaves for Parliament to present the......

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......

'India can no longer afford to go soft on China'

'India cannot allow Beijing's policy of stabilising and destabilising the border at will to perpetuate its own ends.'A riveting excerpt from Manish Tiwari's 10 Flashpoints; 20 Years National......

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......

Banks may charge Rs 50 for high-value cheques

Banks are considering levying a charge of Rs 50 on high-value cheques, while making local payments through real time gross settlement free. This is aimed at moving customers from paper-based......

Digital debt collection makes strides as lenders use tech to cut visits

“We currently manage collections for over 98 million retail and small-business loan accounts, covering a loan book of about $250 billion,” says Rishabh Goel, cofounder and chief executive......

RBI enhances UPI Lite wallet limit to Rs 5,000

The Reserve Bank on Wednesday announced the increase of the UPI Lite wallet limit to Rs 5,000 and per-transaction limit to Rs 1,000, in order to encourage wider adoption of the popular instant......

Major credit card issuers go live on Bharat Bill Payment Systems platform

Major credit issuers, including the largest — HDFC Bank — have integrated their systems with the Bharat Bill Payment Systems (BBPS) for receiving credit card repayments via third-party......

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