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Banking GK

Reserve Bank of India launches new RTGS system

 Reserve Bank of India (RBI)  launches new Real Time Gross Settlement (RTGS) system. Reserve Bank of India (RBI) Governor Raghuram Rajan on October 19, 2013 said the new Real Time Gross Settlement (RTGS) system for fund transfers will improve the efficiency of the country’s financial markets. “With its advanced liquidity and queue management features, the new RTGS system […] Continue reading →

New provisioning norms to impact bank profits

 The banking system could take a collective hit of around `13,000 crore on bottom-line in the next two years if Reserve Bank of India (RBI) puts in place fresh provisioning norms for restructured loans. To begin with, banks will need to step up provisioning on the existing portfolio of restructured loans – expected to touch […] Continue reading →