NEFT Outward Data-Bank Wise-Comparison Nov2008 and Dec 2008

Reserve Bank of India, every month, publishes on its Website, Data on RTGS/NEFT/ECS. Keeping the Data, as a Base, I will be post the Highlights.

 Today's turn is of NEFT.

 

NEFT Outward Data-Bank Wise-Comparison Nov2008 and Dec 2008
November 2008		December 2008
Number	Value (Rs.In Crs)	Number	Value(Rs.In Crs)
26,95,771	15,704.98	31,73,362	19,145.03
No of Banks	90	No of Banks	89

 

 Significant Developments in NEFT Participants in December 2008.

      1.    17% Growth in Volumes vis-à-vis November, 2008 figures

2.    No Outward Transactions by American Express Bank.

3.    No Outward by Parsik Janata Sahakari Bank.

4.    State Bank of Saurashtra fully merged with State Bank of India. State Bank of Saurashtra’s IFSC’s disabled by Reserve Bank of India.

5.      TamilNadu State Apex Co-operative Bank, a new Entrant.