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 ...

RBI is introducing a new mandate for all banks to introduce name lookup while adding beneficiary details for payment.

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 ...

Telangana Cyber Security Bureau (TGCSB) raised awareness among senior citizens in Hyderabad about cyber scams. Officers ...

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 ...

There have been many instances where remitters remitted funds to the wrong beneficiary. This new rule will help to limit the ...

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 ...