rbi asks banks to build up cash
mumbai: the reserve bank of india has asked banks to maintain additional cash reserves so that all cash transactions are effected during the century date change period.

the rbi said in a circular that banks should plan to build up their cash inventory well in advance in order to obviate the bottlenecks arising from the logistics of indenting, movement and distribution of currency notes. the rbi's issue offices will be ready to service the requirement of banks to enable them to commence building currency stocks from october, the central bank has said.

citicorp net banking solution for hdfc bank
mumbai: citicorp information technology industries has announced the successful implementation of its internet banking solution, flexcube@ at hdfc bank.

the solution is designed to enable financial institutions exploit the web. the system is built on a scalable and secure component architecture and has been tuned to integrate well with back end banking solutions.
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