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Donald Trump, Vladimir Putin discuss ways to end Ukraine war in a two-hour call | 'The controversial ruler died 300 years ago': Uddhav Thackeray questions row over Aurangzeb's tomb | Maha Kumbh showed unity in diversity: PM Modi in Parliament | Think twice before travelling outside US: Indians with H-1B, F-1 visas, green cards warned by immigration attorneys | Mamata Banerjee visits Furfura Sharif, slams Opposition for questioning her intent ahead of 2026 polls | Left, BJP call Mamata's Oxford University invitation fake PhD deja vu, TMC hits back | Violence breaks out in Nagpur over call to remove Aurangzeb's tomb, Fadnavis appeals for peace | Ballet dance between dragon, elephant is the only choice: China after Modi's 'positive' remarks in Lex Fridman podcast | PM Modi meets Tulsi Gabbard, discusses ways to enhance cooperation for tackling terrorism | Trump, Modi are focused on strengthening shared interests of India and US: Tulsi Gabbard
RBI changes regulatory framework for domestic money transfer services

RBI changes regulatory framework for domestic money transfer services

Jul 25, 2024, at 05:02 am

Mumbai: The Reserve Bank of India (RBI) has updated the regulatory framework for domestic money transfer services, tightening Know Your Customer (KYC) requirements for regulated entities.

NEFT witnesses highest ever daily transaction on Feb 29

NEFT witnesses highest ever daily transaction on Feb 29

Mar 02, 2024, at 04:31 am

Mumbai: The Reserve Bank of India (RBI) announced on Friday that the National Electronic Funds Transfer (NEFT) recorded its highest-ever daily transaction volume of Rs 4.10 crore on February 29, 2024.

WhatsApp Pay Continues Struggling Months after Launch

WhatsApp Pay Continues Struggling Months after Launch

Jun 12, 2021, at 05:54 pm

The Facebook-owned messaging giant caused Indian regulators some initial concerns with its dominant market share. The RBI and the NPCI imposed substantial limitations to its payment service back in November when effortless adoption rates were predicted. Yet, its actual market penetration (under India’s own UPI) is way below expectations.

Federal Bank ties up with Lulu Money, Hong Kong to offer instant money transfer to India

Federal Bank ties up with Lulu Money, Hong Kong to offer instant money transfer to India

Aug 22, 2019, at 06:23 pm

Kolkata: Federal Bank has entered into a tie-up with LuLu Money, a financial services company, to facilitate instant money transfer to India from Hong Kong.

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