Bank of Baroda goes live with real time gross settlement
By Our Banking Bureau | 10 May 2004
Mumbai:
Bank of Baroda has gone live with real time gross settlement
(RTGS) launched by Reserve Bank of India. The Bank stated
that introduction of RTGS would enable instant transfer
of funds between banks and institutions.
The Bank said that in due course it would extend the RTGS facilities to its customers all over the country by integrating its corporate financial branches, branches rendering foreign exchange services and other branches at top financial centres with its specialised integrated treasury branch. In addition, structured financial messaging system (SFMS) enabled branches will also offer RTGS related services to the bank''s constituents.
