There have been many instances where remitters remitted funds to the wrong beneficiary. This new rule will help to limit the ...

The RBI is launching a beneficiary account name look-up feature for RTGS and NEFT systems to prevent incorrect fund transfers ...

Sanctions not connected to Russia’s military activities or financial matters but appear to be aimed at pressuring Serbia to ...

The government in Belgrade has funds to buy out the shares of Russian corporations in the Serbian oil company NIS, reports ...

The Reserve Bank of India (RBI) is set to roll out a significant update for the National Electronic Funds Transfer (NEFT) and ...

The Delhi High Court has urged the RBI to fast-track the implementation of a system that verifies the beneficiary's name for ...

Serbia has established a coordination body to ensure a stable supply of oil and natural gas amid potential US sanctions on ...

The Reserve Bank of India (RBI) has directed banks giving Real Time Gross Settlement (RTGS) and National Electronic Funds ...

The RBI has mandated that financial institutions offering RTGS and NEFT services adopt a beneficiary account name ...

Currently, the Unified Payments Interface (UPI) and Immediate Payments Service (IMPS) systems enable a remitter to verify the ...

The Reserve Bank of India (RBI) highlighted that payment systems like Unified Payments Interface (UPI) and Immediate Payments ...