The RBI annually publishes the applicable guidelines for FFMC in the form of a master circular called the Memorandum of Instruction on Money Changing Activities. What are the Types of Money Changers? The different types of authorized money changers or dealers are the businesses granted Full ...
Once the draft circular, expected to force banks to do a major group rejig, is finalised, banks will have 2 years time to comply with it. The restrictions are proposed to be put by way of amendments to the 2016 Master Direction- Reserve Bank of India (Financial Services provided by Banks...
in accordance to book building process. The offer price has a floor price, which is average of 26 weeks average of traded price quoted on the stock exchange where
(b) It is further advised that where a bank has relied exclusively on any of these two documents, viz. NREGA job card or Aadhaar letter, as complete KYC document for opening of an account (ref. paragraph 2.4 (f) of this Master circular) the bank account so opened will also be ...
Minimum capital adequacy ratio has been kept at 15% for a small finance bank and payment banks. It has been kept at 9% for local area banks and regional rural banks. According to the RBI’s circular, banks must compute dividends on the basis of the “dividend payout ratio”. ...
ix. For eligible staff candidates, the relaxation in age limit is according to RBI circular CO. HRMD. No. G-75/ 5599/ 05.01.01/ 2013-2014 dated December 20, 2013. x. For recruitment to the post of Gr. B (DR)-DEPR/DSIM candidates having Master’s Degree with Research/Teaching experie...
(vii) Foreign Portfolio Investors (FPIs) may transact in exchange-traded CDS as protection sellers and/or protection buyers subject to the provisions of A.P. (DIR Series) Circular No. _ dated xxxx xx, 2021 (to be issued). (viii) Exchanges shall report all CDS transactions to the trade...
Earlier this year, Karnataka’s transport departmentissueda circular introducing uniform fares for cab aggregators like Ola and Uber, dividing cab rides into three categories based on the vehicle’s price. 12,000 have joined out of 1.25 lakhs ...
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would have expected granular observations, as in the case of gold lending videcircular dated September 30, 2024. It may be the expectation of the regulator that interest rate models, based on which the actual setting of interest rates by business is done, are not vague or subjective, and ...