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A treasury management system (TMS) is a software application which automates the process of managing a company's financial operations. [ 1] It helps companies to manage their financial activities, such as cash flow, assets and investments, automatically. [ 2] A TMS is commonly used to maintain financial security and minimize reputational risk ...
The Reserve Bank of India, abbreviated as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. Owned by the Ministry of Finance, Government of India, it is responsible for the control, issue and maintaining supply of the Indian rupee. It also manages the country's main payment systems and ...
Structured Financial Messaging System ( SFMS) is a secure messaging standard developed to serve as a platform for intra-bank and inter-bank applications. It is an Indian standard similar to SWIFT which is the international messaging system used for financial messaging globally. SFMS can be used for secure communication within the bank and ...
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Jharkhand ( / ˈdʒɑːrkənd /; [ 8] Hindi: [d͡ʒʱɑːɾkʰəɳɖ]; lit. 'the land of forests') is a state in eastern India. [ 9] The state shares its border with the states of West Bengal to the east, Chhattisgarh to the west, Uttar Pradesh to the northwest, Bihar to the north and Odisha to the south.
Tiger Global financed the entire Series B funding round of CoinSwitch Kuber and valued the three-year-old Indian startup at more than $500 million. The announcement of the Series B comes just ...
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 transactions ...
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.