The Directorate of Enforcement ED in its ongoing investigation into illegal foreign remittances has uncovered a network of 98 alleged dummy partnership firm ...

In a major investigation, the Directorate of Enforcement has discovered a network of 98 dummy firms and 12 shell companies allegedly involved in illegal remittances of over Rs 10,000 crore to Hong ...

The Qatar Central Bank's Real Time Gross Settlement System (RTGS) settled 0.65mn large value electronic transactions worth ...

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

RBI mandates banks to offer beneficiary account name look-up facility for RTGS and NEFT transactions by April 1, 2025.

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

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

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

The Reserve Bank of India has directed the National Payments Corporation of India to develop a feature allowing customers to ...

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

ED uncovers a Rs 10,000 crore scam involving shell companies The case stresses the need for stricter financial regulations ...