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RTGS, SFMS in two BoI branches

COIMBATORE: Bank of India (BoI) has installed Real Time Gross Settlement System (RTGS) and Structured Financial Messaging Service (SFMS) at its Coimbatore and Tirupur SSI branches. This will facilitate the bank to receive and remit funds across the banking system and inter-bank financial settlements would take place in an online environment, a release from the bank said. — Our Staff Reporter

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