The Reserve Bank of India controls all banking policies and financial activities implemented in India. Among other duties, the Reserve Bank of India (RBI) sets base interest rates, determines policies, and monitors financial transactions. After this, banks can set appropriate rates and profit from ...
Before transferring money to your bank/credit car account, PayPal will cut its commission (transaction fee). At present PayPal takes 3.4% of total transaction money. So, for each dollar, you’ll get only 96.6 cents in your bank account. Make Payment via PayPal You can use your PayPal accou...
The Delhi High Court has sought a response from the Securities Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) in a case seeking a regulatory mechanism for cryptocurrency. As per aLiveLaw report, the court heard a petition from various users of the cryptocurrency exchange ...
It has tie-ups with more than 34 banks. For instance, its product CRED Stash provides its users cheap credit in partnership with the IDFC bank. Moreover, P2P lending has been facilitated through collaboration with Liquiloans; an RBI registered NBFC. It facilitates payments through the Axis Bank...
A company is managed by the directors and members with actions governed by organizations like RBI, MCA, SEBI etc. While it is only the partnership agreement that governs the partners. This is why the flexibility and freedom to take decisions is higher. ...
I have deposited my old notes in RBI, but it has not been credited in my account after 3 months. How can I track it? Why does it take several business days to electronically transfer funds between two banks in the US? Why are international bank...
namely the Registrar of Companies (Companies Act, 1956), the Securities and Exchange Board of India (SEBI – SAS&T Regulations, 1997), the Competition Commission of India (CCI – Competition Act, 2002), the Reserve Bank of India (RBI), and the Department of Revenue (Income Tax Act, 1961...
The success of UPI Lite has paved the way for RBI to launch UPI Lite X, Tap & Pay, and conversational payment interfaces in 2023. These innovations are further expected to enable banks to render hassle-free services to the customers. Notwithstanding such ICT innovations being introduced, very ...
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RBI gives fillip to the GST registrant MSMEs with the notable fiscal reforms Indubitably, the MSMEs are today the precursors of economic development in the rapidly progressive globalized India. Very notably, the Micro, Small and Medium Enterprises account for 99% of corporate tax assessees in Indi...