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Special Dividend From Reserve Bank Of India

BE/RBI/40/2017 dt 9.11.17 It is well known that Government has planned to induce fresh capital to the PSU Banks.  In the process, the Government has requested RBI to see the possibility of funding a part of the Rs. 2.11 lakh crore which is the amount planned to recapitalize the PSU Banks. In this context, it

Special Dividend From Reserve Bank Of India

BE/RBI/40/2017 dt 9.11.17 It is well known that Government has planned to induce fresh capital to the PSU Banks.  In the process, the Government has requested RBI to see the possibility of funding a part of the Rs. 2.11 lakh crore which is the amount planned to recapitalize the PSU Banks. In this context, it

Demonetization: One Year Completion Shows Cash Is Still Strong In The Economy

Hopes on pushing the market with a demonetization effect, through a cashless economy is of-course nice to hear.  Has it been effective?  Yes, it is working…… but very slowly.  It has to be agreed though there has been a heavy thrust for using Wallets, Non-UPI Banking apps and Aadhaar enabled payments, they are still to

Demonetization: One Year Completion Shows Cash Is Still Strong In The Economy

Hopes on pushing the market with a demonetization effect, through a cashless economy is of-course nice to hear.  Has it been effective?  Yes, it is working…… but very slowly.  It has to be agreed though there has been a heavy thrust for using Wallets, Non-UPI Banking apps and Aadhaar enabled payments, they are still to

Unique Code For Corporate Borrowers

BE/RBI/39/2017 Reserve Bank of India, has come out with the statement that corporate borrowers having exposure of Rs 5 crore and above will have to mandatorily obtain 20-digit Legal Entity Identifier (LEI) from banks, a move that is aimed at improving risk management.  Further the RBI release adds that The timeline for implementing the LEI,

Unique Code For Corporate Borrowers

BE/RBI/39/2017 Reserve Bank of India, has come out with the statement that corporate borrowers having exposure of Rs 5 crore and above will have to mandatorily obtain 20-digit Legal Entity Identifier (LEI) from banks, a move that is aimed at improving risk management.  Further the RBI release adds that The timeline for implementing the LEI,

RBI IMPOSES STRICTER KYC NORMS TO PREVENT FAKE WALLET TRANSACTION

BE/RBI/35/2017 More stringent norms are brought in by the Central Bank, to stop fake wallet transactions.  This is expected to bring in a new life for mobile wallet operators which are expected to be fraud free.  It would now be possible for the customers to make uninterrupted transfer of money between wallets of various companies

RBI IMPOSES STRICTER KYC NORMS TO PREVENT FAKE WALLET TRANSACTION

BE/RBI/35/2017 More stringent norms are brought in by the Central Bank, to stop fake wallet transactions.  This is expected to bring in a new life for mobile wallet operators which are expected to be fraud free.  It would now be possible for the customers to make uninterrupted transfer of money between wallets of various companies

RBI UPDATES: INVESTMENTS IN REITS AND InvLts

BE/RBI/35/2017 Now lenders can invest in Reits and Invlts, and the exposure is capped at 10 per cent of the unit capital investment of such instruments, says an RBI report. RBI had earlier, issued the Master circular, on the Financial Services of Banks, the Central Bank advised that banks should restrict themselves to 10 per

RBI UPDATES: INVESTMENTS IN REITS AND InvLts

BE/RBI/35/2017 Now lenders can invest in Reits and Invlts, and the exposure is capped at 10 per cent of the unit capital investment of such instruments, says an RBI report. RBI had earlier, issued the Master circular, on the Financial Services of Banks, the Central Bank advised that banks should restrict themselves to 10 per