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Table A: Existing PAs who can operate as Online Payment Aggregators Sr No. Name of the entity Remarks 1. 1Pay Mobileware Private Limited In-...
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The Reserve Bank of India (RBI) has imposed, by an order dated January 23, 2023, a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on ...
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Q.1. What is Factoring? The Factoring Act, 2011 defines the ‘ Factoring Business ’ as “ the business of acquisition of receivables of assign...
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1. Guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies. The contents of these Guidelines shall be read al...
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📛 1. What is the definition of “Basic Savings Bank Deposit Account” (BSBDA)? All the existing ‘No-frills’ accounts opened pursuant to guide...
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📌 1) XBRL Phase II URL: https:/ /xbrl.rbi.org.in/phase2 📌 2) XBRL Phase III URL: https://xbrl.rbi.org.in/orfsxbrl/ 📌 3) Balance of ...
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What is a “Payment Instruction”? Ans. “Payment Instruction” is defined as any instrument, authorization or order in any f...
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The Reserve Bank of India (RBI) has, by an order dated February 6, 2024 imposed a penalty of ₹8.80 lakh (Rupees Eight lakh eighty thousand o...
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1. In Press Release dated March 11, 2022, the Reserve Bank of India, in exercise of its powers under section 35A of the Banking Regulation...