Serbia is prepared to buy out Russia’s shares in Naftna Industrija Srbije (NIS), a crucial energy company in the country, in ...

The RBI is launching a beneficiary account name look-up feature for RTGS and NEFT systems to prevent incorrect fund transfers ...

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

In a move that could significantly impact Serbia’s energy sector, the United States is preparing to impose full sanctions on ...

The Reserve Bank of India (RBI) is set to roll out a significant update for the National Electronic Funds Transfer (NEFT) and ...

Currently, the Unified Payments Interface (UPI) and Immediate Payments Service (IMPS) systems enable a remitter to verify the ...

This facility will allow users to view and verify the name of the beneficiary before initiating a transaction, similar to the ...

The Delhi High Court has urged the RBI to fast-track the implementation of a system that verifies the beneficiary's name for ...

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 ...

Accordingly, to enable remitters in RTGS and NEFT to verify the name of the beneficiary account holder before initiating ...