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Banking transactions News

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The RBI's dedication to adjusting to changing economic conditions and promoting financial stability in the banking industry is demonstrated by these calculated actions.  
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Amid rise in cases of unauthorised electronic banking transactions, RBI has proposed that customer will have no or zero liability in case of fraud being committed because of bank's negligence or third breach.
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Banks in India can reduce costs by up to 50 percent per transaction in the next few years by redesigning their processes and systems for the digital age, structurally changing their cost base and instituting more aggressive cost management processes, says a report.
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Major banking transactions took a hit Thursday as over 17,000 employees of RBI went on 'one-day mass casual leave' protesting against reform measures of the central government and seeking better retirement benefits.  
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Reliance Communications is ready with its mobile banking services to enable banking transactions for its customers irrespective of mobile handset, make or region, a company statement said here Wednesday.






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