Earlier the Reserve Bank of India (RBI) has announced that that this will provide a fillip to India's digital payments initiative

India will be among a select few countries to have this facility. For this, payment system operators to be licenced on a perpetual basis, says RBI Governor Shaktikanta Das 

RBI has asked banks to ensure availability of all necessary infrastructural requirements at their end for providing seamless NEFT 24x7 facility to customers

This is the second time RBI has increased the time period for RTGS payment system. The apex bank had extended RTGS timings by one-and-a-half hours to 6pm from June 1.

From Monday, the RTGS system will be available for customer transactions from 7 am onwards, instead of 8 am currently

How to manage your money better by using latest apps and other digital upgrades

According to Dun and Bradstreet's latest economy forecast, the trade tensions between the US and other countries will have ramifications on emerging economies like India.

Switzerland is the other nation that has been removed by the US from its currency monitoring list, which among others include China, Japan, South Korea, Germany, Italy, Ireland, Singapore, Malaysia and Vietnam

The RBI board had got over half a dozen public sector banks out of were allowed to resume their lending activities. An analysis of the financial results of these weak banks raises questions on their lending practices.

The Reserve Bank of India has extended the timings for customer transactions through Real Time Gross Settlement (RTGS) from 4:30 pm to 6:00 pm.

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

However, the system will operate for full days on other Saturdays of a month, RBI said in a notification.