The Hindu Business Line : South Indian Bank starts RTGS operations

KOCHI: South Indian Bank Ltd has started live RTGS operations from today. Real-Time Gross Settlement (RTGS) is the Reserve Bank of India's (RBI) initiative for online financial settlements.

The necessary infrastructure has been set up at the bank's centralised data centre at Kochi.

This is the first bank to install the entire RTGS set-up in Kerala. With this new facility, the bank can effect inter-bank payments instantaneously and the beneficiary would get the credit on the same day itself.

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