The RBI issued consolidated domestic money transfer directions, retaining existing transaction limits while strengthening safeguards for cash-based remittances. The framework sets limits on cash deposits and payouts, mandates verified remitter details, introduces transaction monitoring and requires prompt reporting of suspicious activities
"We are extremely delighted to achieve complete integration of all branches and delivery channels of erstwhile Andhra Bank and Corporation Bank ," the bank's managing director and CEO Rajkiran Rai G said in the release.
