Basel NormCapital adequacy ratioThe role of RBI has undergone through a rigorous change over the period of time. Earlier, it was a common perception that the roles of the commercial banks areDhar, Sujoy KumarSocial Science Electronic Publishing...
100 per cent of 1.5 lakh post offices will come on the core banking system enabling financial inclusion and access to accounts through net banking, mobile banking, ATMs, and also provide online transfer of funds between post office accounts and bank accounts. This will be helpful, especially ...
1949. It must be distinctly understood, however, that in issuing the license, the RBI does not undertake any responsibilities for the financial soundness of the bank or for the correctness of any of the statements made or opinions
BANKS IN INDIA CENTRAL BANK – RESERVE BANK OF INDIA The Central Bank of our country is the Reserve Bank of India or RBI. The central office of the Reserve Bank was initially established in Calcutta but was permanently moved in Mumbai in the year 1937 In the year 1935, it came into exis...
The Reserve Bank of India (RBI) tried to calm the markets but as in last month’s bout of rupee nervousness, the impact of the central bank’s attempts to reassure markets was short-lived. After a brief spurt, the rupee weakened following the RBI’s assurances that domestic oil companies...
In 1988, the Bank for International Settlements published the first guidelines on Capital Adequacy called the Basel I accord which primarily focused on credit risk. Assets of banks were classified and grouped into five categories according to credit risk, carrying risk weights. On 4 July 2006, ...
regulator for it's wrong reporting of NPAs figures. Also bank's founder member and chairman Mr Rana Kapoor was also not given the extension by RBI continuing as bank's chairman which has adversely affected its share price and it has seen almost 50% drop in the stock market at exchanges. ...
Reserve bank of India RBI/2021-22/137 A.P. (DIR Series) Circular No. 20 December 10, 2021 To All Category-I Authorised Dealer Banks Madam / Sir, Introduction of Legal Entity Identifier for Cross-border Transactions The Legal Entity Identifier (LEI) is a 20-digit number used...
4. New entities/mechanisms part of the public issue process using UPI 4.1.National Payments Corporation of India (NPCI):NPCI, a Reserve Bank of India (RBI) initiative, is an umbrella organization for all retail payments in India. ...
Just like UPI helps people share money between bank accounts seamlessly, the new Account Aggregator framework (AA) will help people share their financial data quickly and safely.