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.
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.