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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

09 Nov

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

Admin Bankedge

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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,

04 Nov

Unique Code For Corporate Borrowers

Admin Bankedge

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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

13 Oct

RBI IMPOSES STRICTER KYC NORMS TO PREVENT FAKE WALLET TRANSACTION

Admin Bankedge

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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

06 Oct

RBI UPDATES: INVESTMENTS IN REITS AND InvLts

Admin Bankedge

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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 Monetary Policy

BE/RBI/34/2017 RBI Skips Any Changes In Rates And Revises Growth Forecast The Central Bank has: Kept the policy rates unchanged Revised the Inflation forecast for the second half of the fiscal year and Brought down the growth target severely While keeping the repo rate at 6 per cent without any change being made, RBI also

05 Oct

RBI Monetary Policy

Admin Bankedge

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BE/RBI/34/2017 RBI Skips Any Changes In Rates And Revises Growth Forecast The Central Bank has: Kept the policy rates unchanged Revised the Inflation forecast for the second half of the fiscal year and Brought down the growth target severely While keeping the repo rate at 6 per cent without any change being made, RBI also