No NEFT, RTGS charges: The RBI had also asked banks to pass on the benefits of the same to its customers.

The real-time gross settlement (RTGS) system is meant for large-value instantaneous fund transfers, while the national electronic funds transfer (NEFT) system is used for fund transfers of up to Rs 2 lakh

APIs, which enable software systems to communicate with one another, have become very big business.

The decision to form a committee tp review ATM interchange fee structure was taken at the seventh bi-monthly meet of RBI's Monetary Policy Committee increase ATM deployment in areas lacking in banking facilities.

Indian crypto-enthusiasts are hoping that the entry of a large player like Facebook will lend legitimacy to the technology and in turn be able to convince central bank to extend banking services to crypto start-ups

The Resere Bank of India (RBI) took the decision to set up the committee in view of persistent demands to change the ATM charges and fees.

Share Market Update: All the sectoral indices closed on the red, with major declines seen in PSU Bank, which was down by almost 5.20 % and PVT bank down at 2%, followed by other major indices like Pharma, Realty, Media and Metal, each declining over 1%. 

The RBI's latest vision document for payment and settlement systems, which outlines the road map for 2019 to 2021, aims to achieve a cash-lite society . To that end it proposes to examine round-the-clock availability of various payment systems, including NEFT

The banking ombudsman (BO) has faced some peculiar complaints with regards to banking services like credit cards, ATM transactions, savings account and electronic transactions. Here are some of the cases in which the banks were hauled up

The UN report noted that since 2016, North Korea has become an increasingly sophisticated actor in cyberattacks for financial gain and evading sanctions, citing the Cosmos Bank heist as an example.

Banking transformation has to follow a holistic approach, rather than a fragmented use-case based approach.

They used to be called sneaky or hidden fees. But while all banks clearly list fees for sundry services like SMS alerts, ATM transactions and reward points redemption in their respective charges schedules, they are easy to miss.