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National Electronic Funds Transfer ( NEFT) is an electronic funds transfer system maintained by the Reserve Bank of India (RBI). Started in November 2005, the setup was established and maintained by Institute for Development and Research in Banking Technology. [1] NEFT enables bank customers in India to transfer funds between any two NEFT ...
The Indian Financial System Code ( IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. A code uniquely identifies each bank branch participating in the three main Payment and settlement systems in India: the National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and Immediate ...
The National Payments Corporation of India ( NPCI) is an organization that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and ...
The North–East Frontier Agency ( NEFA ), originally known as the North-East Frontier Tracts ( NEFT ), was one of the political divisions in British India, and later the Republic of India until 20 January 1972, when it became the Union Territory of Arunachal Pradesh and some parts of Assam. Its administrative headquarters was Shillong (until ...
The Industrial Development Bank of India (IDBI) was established in 1964 under an Act of Parliament as a wholly owned subsidiary of the Reserve Bank of India.In 1976, the ownership of IDBI was transferred to the Union government and it was made the principal financial institution for coordinating the activities of institutions engaged in financing, promoting and developing industry in India.
National Securities Depository Limited (NSDL) is an Indian central securities depository under the jurisdiction of Ministry of Finance, Government of India based in Mumbai. The enactment of Depositories Act, December 1995 paved the way for establishment of NSDL. It was established in 1995 as the first electronic securities depository in India ...
National Institute of Fashion technology currently has 18 campuses spread across the country. The first campus was established in 1986 in Haus Khaz, New Delhi. The campuses at Chennai, Kolkata, Gandhinagar, Hyderabad, and Mumbai were set up in 1995, followed by the Bengaluru campus in 1997. [9] The campus in Bhopal was set up in June 2008, [9 ...
On 23 May 2020, Canara Bank announced credit support for borrowers affected by COVID-19 to enable them to avail the sanctioned facilities to the full extent and improve their business. [26] [27] On 19 July 2020, Canara Bank announced to raise up to Rs 8,000 crore equity capital in Financial Year 2021 to strengthen capital base and to boost ...