December 14, 2024 00:27 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Bengaluru techie suicide: Karnataka Police issues summons to wife Nikita, her family members | French President Macron appoints centrist leader Francois Bayrou as new Prime Minister | Congress always prioritised personal interest over Constitution: Rajnath Singh | Jaishankar calls attack on Hindus in Bangladesh 'a source of concern' | Allu Arjun arrested over woman's death in stampede during Pushpa 2 premiere show | RBI receives bomb threat in Russian language, case filed | UP teenager kills mother, lives with body for 5 days | At least six people including a child killed in Tamil Nadu hospital fire | Amid Atul Subhash row, SC says mere harassment is not enough to prove abetment to suicide | India's D Gukesh becomes youngest ever world champion in chess
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.