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PRESS RELEASES 2005
UCO Bank has gone live with Real Time Gross Settlement (RTGS) from 25th June, 2004 which will enable instant transfer of funds between Banks and Financial Institutions. The RTGS system effects final settlement of Inter Bank Funds Transfer continuously on a transaction-by-transaction basis throughout the processing day. In its maiden run, the Bank has put through 25 Inter Bank transactions comprising of Inward Transactions for Rs.3.70 crore and outward transactions totaling Rs.27.40 crore. |
