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Punjab cop dismissed for facilitating TV interview of Larence Bishnoi while in custody | 'Not Veer Savarkar', Congress student wing demands Delhi college be named after Manmohan Singh | 'Cowardly': PM Modi condemns New Orleans terrorist attack that killed 15 | Prashant Kishor starts fast unto death over Bihar Public Service Commission prelims cancellation demand | Bangladesh court denies bail to arrested Hindu monk Chinmoy Krishna Das | Tesla Cybertruck with fuel and fireworks explodes near Donald Trump's Las Vegas hotel, 1 killed | US: Mass shooting at a New York nightclub, 11 people shot | Truck driver who rammed into New Orleans crowd flying ISIS flag identified as US Army veteran Shamsud-Din Jabbar | SRK, Akshay Kumar praise PM Modi's global initiative to take Indian cinema to a greater scale | Manipur CM N Biren Singh responds after Congress leader asks him 'why can't PM' visit' violence-hit northeastern state
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.