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Post by: Arnold Thomas in Banking Import - Export
Merchanting Trade Transactions – RBI Revised Guidelines The Merchanting Trade Transactions guidelines are revised and released by RBI periodically. The latest guidelines were released on 23rd January 2020, and this article provides details on the revised guidelines of RBI notification.…
Post by: Arnold Thomas in Banking
Exchange of Old Notes and Coins The Reserve Bank of India has been laying several rules and guidelines in facilitating the exchange of coins and notes. The RBI rules of RBI not only warns on the refusal of accepting the…
Post by: Chris John in Banking
Cash Reserve Ratio The share of a commercial bank's total deposit which the Reserve Bank of India (RBI) mandates to be maintained at the respective bank in the form of liquid cash is known as Cash Reserve Ratio or CRR.…
RBI eMandate eMandate is a feature by which the customer's bank initiates the mandates to the sponsor bank (to which the amount has to be paid) or to the customer. The corporate moves the mandate via the sponsor bank to…
Post by: Chris John in Banking
Repo Rate The word repo translates to repurchase or repossession agreement. Typically, repo is a money market instrument which its holder sells to an investor along with an agreement to repurchase the same at a predetermined date in the future.…
Post by: Chris John in Banking
Statutory Audit of Banks Statutory audit of banks can be defined as an audit to ensure that the financial statements and books of account presented to the regulators and the public are fair and accurate. It is an audit that…
Post by: Chris John in Banking
Reserve Bank of India (RBI) The overall economic efficiency and the stability of a nation are dependent on the payment and settlement system prevailing in that country. As a result, the various regulators in India, including the central bank, have…