Financial Daily from THE HINDU group of publications Friday, Aug 20, 2004 |
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Money & Banking
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Information Technology RTGS facility at all Federal Bank branches Our Bureau
Kochi , Aug. 19 FEDERAL Bank can now offer instant fund transfer facilities to all its customers by enabling real time gross settlement system, which is now available across all its branches. ``The bank is the first in the country to extend inter-bank transactions through the RTGS system at all its branches," a press release issued here said. Currently, there are 850 branches of various banks in the country, which are RTGS-enabled.
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