Real Time Gross Settlement System

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'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......

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......

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......

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......

RBI restrains commercial card payments by a network

The Reserve Bank of India (RBI), on Thursday issued orders restraining commercial transactions routed through intermediaries by a card network. Photograph: Shailesh Andrade/Reuters The central......

Direct listing of firms at GIFT City likely by year-end

The International Financial Services Centre Authority (IFSCA) plans to operationalise the framework for direct listing of companies at International Financial Services Centre (IFSC) exchanges by......

Rediff News

Real Time Gross Settlement System

News for Real Time Gross Settlement System

'SBI is telling an utter lie'

Modi Bluster Missing From Budget

Money transacted online to lure voters in polls: EC

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

RBI enhances UPI Lite wallet limit to Rs 5,000

Banks to settle in real time

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

RBI restrains commercial card payments by a network

Direct listing of firms at GIFT City likely by year-end

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