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NEFT (National Electronic Funds Transfer)

A well-known electronic payment method for interbank...

Retail Banking

Over the centuries, retail banking, the cornerstone...

NEFT (National Electronic Funds Transfer)

A well-known electronic payment method for interbank transfers in India is called National Electronic Funds Transfer (NEFT). The Reserve Bank of India (RBI) introduced NEFT in 2005, which makes it simple to transfer money from one bank account to another across the whole nation. The way financial transactions are carried out has been revolutionized thanks to this system, which has also improved efficiency, decreased dependency on actual cash, and promoted a digital economy. The Development and Goals of NEFT The requirement to update India's payment infrastructure led to the creation of...
Shilpy Gupta -
BANK NEWS

NEFT (National Electronic...

A well-known electronic payment method for interbank transfers in India is called National Electronic Funds Transfer (NEFT). The Reserve Bank of India (RBI) introduced...
Shilpy Gupta -
BANK NEWS

Retail Banking

Over the centuries, retail banking, the cornerstone of modern financial services, has undergone a remarkable transformation. From its humble beginnings in ancient civilizations to...
Shilpy Gupta -
BANK NEWS

Ujjivan Small Finance...

In the dynamic landscape of India's banking sector, Ujjivan Small Finance Bank has emerged as a key participant that has made significant advances in...
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BANK NEWS

Paytm Payments Bank

In an era of accelerated technological advancements and digitalization, traditional banking has undergone a substantial transformation. Paytm Payments Bank is one of the notable...
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BANK NEWS

State Bank of...

In the annals of Indian banking history, the State Bank of India (SBI) maintains a prominent position. Established in 1806 as the Bank of...
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BANK NEWS

ICICI Bank

In the dynamic and swiftly changing world of banking, ICICI Bank has emerged as a major force and transformed the Indian banking landscape. With...
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BANK NEWS

HDFC Bank

Various financial institutions have played a pivotal role in molding the Indian banking industry throughout the years. HDFC Bank stands out among these institutions...
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