bank

The Reserve Bank of India (RBI) has announced an extension of timings for customer transactions through Real Time Gross Settlement (RTGS) by one and half hours from 4:30 PM to 06 PM to facilitate high-value fund transfers.

Among the early gainers were Infosys, TCS, HCL Tech, Yes Bank, Bank of Baroda and Punjab National Bank.

The bank, which is under the prompt corrective action (PCA) of the Reserve Bank of India, had reported a net loss of Rs 1136.44 crore for the second quarter of the current fiscal.

The bank said it is doing everything possible to ensure that no such weaknesses remain in the process used by the service providers that SBI uses for its various services.

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