Real Time Gross Settlement Current Affairs, GK & News
The Reserve Bank of India has announced that the National Electronic Funds Transfer (NEFT) facility will be available round-the-clock basis from December 2019. At present NEFT payment system operated by the Reserve Bank as a retail payment system is available for customers from 8 AM to 7 PM on all working days of the week ..
Topics: Banking • Banking in India • E-commerce in India • Economy • Electronic funds transfer • Financial services • National Electronic Funds Transfer • NEFT • Payment and settlement systems in India • Payment system • Real Time Gross Settlement • Reserve Bank of India • RTGS • Wire transfer
An Internal Working Group of Reserve Bank of India (RBI) on Comprehensive Review of Market Timings has suggested calibrated extension of Currency Market (Foreign Exchange Market) hours, from 9 am to 9 pm for both Over the Counter (OTC) and Exchange Traded. At present the markets close at 5 pm. Key Highlights of Draft Report ..
Month: Current Affairs - July, 2019
Category: Economy & Banking Current Affairs
Topics: Comprehensive Review of Market Timings • Currency Market • Exchange Traded Derivatives • Foreign Exchange Market Hours • G-Sec Trading • Over the Counter • RBI's Internal Working Group • Real Time Gross Settlement
The Reserve Bank of India (RBI) has released a vision document – Payment and Settlement Systems in India: Vision 2019 – 2021 – with its core theme of ‘Empowering Exceptional E-payment Experience’, for ensuring a safe, secure, convenient, quick and affordable e-payment system. The move comes as the apex bank expects the number of digital ..
Zimbabwe has recently introduced its new currency, dubbed as Real Time Gross Settlement (RTGS) dollar, after the Reserve Bank of Zimbabwe (RBZ) announced measures to try and resolve a chronic monetary crisis. The new currency replaces electronic bank savings called digital dollars and the bond notes, and was named after the RTGS system that banks ..
Topics: Central bank • Currency • Debit card • Dollar • Economy • Foreign exchange market • Real Time Gross Settlement • Reserve Bank of Zimbabwe • RTGS Dollar • Zimbabwean bond coins • Zimbabwean bond notes
A 11-member committee set up under former finance secretary Ratan Watal on August 23 to suggest ways of promoting digital transactions in the country has submitted its report to Finance Minister Arun Jaitley. The following are the list of suggested recommendations: The Payments Regulatory Board (PRB) to be formed as an independent payments regulator within the ..
Topics: Aadhaar • Banking in India • Economy of India • Financial services • Government of India • Identification • India • Know your customer • National Electronic Funds Transfer • Payment and settlement systems in India • Real-time gross settlement • Reserve Bank of India