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Wednesday, Jun 16, 2004

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Money & Banking - Public Sector Banks


Vijaya Bank joins RTGS grid

Our Bureau

BANGALORE: Vijaya Bank has gone live with real time gross settlement (RTGS) that enables instant transfer of funds between banks and institutions.

The bank was able to put through 21 inter-bank tranactions on its maiden run. While inward transactions were to the tune of Rs 53.64 crore, outward transaction was to the tune of Rs 36.37 crore.

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