Most of the customs locations in India have been introduced electronic filing of shipping bills. Manual filing of shipping bills also takes place in some of the customs locations where in electronic filing facility not available. Under special cases, some of the exports need physical verification of...
Mumbai is theFinancial Hubof India financial capital, hosting the Bombay Stock Exchange (BSE) and the Reserve Bank of India (RBI). Bollywood,the Hindi film industry, is centered in Mumbai, making Maharashtra a hub for the entertainment sector. ...
How many foreign banks are operating as branches and representative offices in India? Foreign bank : A foreign bank is a bank that has branches located in a foreign country, and it has obligations to follow and observe regulations in home and host countries. Their loan limits may...
In India, there are thousands of crores (Rs 35,000 crore) lying across banks as unclaimed deposits. So many people want to know if there is some money that they are unaware of. Such accountholders or their nominees need to be aware of latest unclaimed deposits RBI guidelines to figure out...
UPI was developed by the National Payments Corporation of India (NPCI), and the Reserve Bank of India (RBI) is in charge of regulating it. By leveraging the Immediate Payment Service (IMPS) infrastructure, UPI enables individuals and businesses to transfer money instantly between any two bank ...
If you are from India and you are trying to use your credit or debit card to make purchases in the App Store or iTunes, your payment will be declined due to an e-mandate issue. E-mandate is a regulatory requirement to authenticate recurring payments. The RBI in India now requires banks...
In India, mobile wallets have rapidly gained popularity, emerging as a preferred payment method among internet users. This trend has driven a substantial rise in mobile wallet transactions over the past 4–5 years. While many studies have explored how users perceive mobile devices, few have ...
yet despite this abundance of skilled workers, and to the displeasure of many in government and the tech sector, india has yet to produce a homegrown tech behemoth on par with china’s alibaba and tencent. they also believe that foreign companies have retained too much say in dictating how ...
These IFSC codes, assigned by the Reserve Bank of India (RBI), ensure seamless electronic fund transfers by distinctly identifying every branch in India’s banking network. Example of IFSC Code For example, IFSC for the Langford Road branch of ICICI Bank is ICIC0000269, where ICICI represents ...
The legal status of cryptocurrencies in India is currently in a gray area. While the government has not explicitly banned cryptocurrencies, it has issued warnings about the potential risks associated with investing in them. The Reserve Bank of India (RBI) has also prohibited banks and financial ...