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2. Payment and settlement systems in India - Wikipedia

   en.wikipedia.org/wiki/Payment_and_settlement...

   The acronym 'RTGS' stands for Real-time gross settlement. The Reserve Bank of India (India's Central Bank) maintains this payment network. Real-time gross settlement is a funds transfer mechanism where transfer of money takes place from one bank to another on a 'real time' and on 'gross' basis.

3. Real-time gross settlement - Wikipedia

   en.wikipedia.org/wiki/Real-time_gross_settlement

   Real-time gross settlement. Real-time gross settlement ( RTGS) systems are specialist funds transfer systems where the transfer of money or securities [1] takes place from one bank to any other bank on a "real-time" and on a "gross" basis to avoid settlement risk. Settlement in "real time" means a payment transaction is not subjected to any ...

4. Immediate Payment Service - Wikipedia

   en.wikipedia.org/wiki/Immediate_Payment_Service

   Immediate Payment Service. Immediate Payment Service ( IMPS) is an instant payment inter-bank electronic funds transfer system in India. IMPS offers an inter-bank electronic fund transfer service through mobile phones. The service is available 24/7 throughout the year including bank holidays. National Electronic Funds Transfer (NEFT) was also ...

5. Yes Bank - Wikipedia

   en.wikipedia.org/wiki/Yes_Bank

   YES BANK is an Indian private sector bank, headquartered in Mumbai, catering to retail customers, MSMEs, and corporate clients. Its network is spread across 300 districts in India and comprises 1,198 branches, 193 BCBOs and 1,287+ ATMs .

6. Indian Financial System Code - Wikipedia

   en.wikipedia.org/wiki/Indian_Financial_System_Code

   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 Payment Service (IMPS) systems.

7. Automated clearing house - Wikipedia

   en.wikipedia.org/wiki/Automated_Clearing_House

   Banking. An automated clearing house ( ACH) is a computer-based electronic network for processing transactions, [1] usually domestic low value payments, between participating financial institutions. It may support both credit transfers and direct debits. [2] [3] The ACH system is designed to process batches of payments containing numerous ...

8. Clearing House Automated Transfer System - Wikipedia

   en.wikipedia.org/wiki/Clearing_House_Automated...

   The Clearing House Automated Transfer System, or CHATS, is a real-time gross settlement (RTGS) system for the transfer of funds in Hong Kong. It is operated by Hong Kong Interbank Clearing Limited, a private company jointly owned by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks.

9. State Bank of India - Wikipedia

   en.wikipedia.org/wiki/State_Bank_of_India

   Yes Bank Investment. In March 2020, as part of an RBI-directed rescue deal, the State Bank of India acquired 48.2% of the shares of Yes Bank. As of February 8, 2024, the shareholding has decreased to 26.13%. Listings and shareholding. As on Dec 2023, Government of India held around 57.49% equity shares in SBI.