RTGS transactions top Rs 100 lakh cr
Customer transactions under real time gross settlement (RTGS) have crossed a record Rs 100 lakh crore for the first time ever, according to the RBI. The RTGS transactions stood at Rs 101.13 lakh crore in June 2018 compared to Rs 93.76 lakh crore in May 2018. The RTGS figure is seen as an important milestone in the journey of making India a cashless economy. It depicts the rapid progress India has made in the arena of digital payments.