Everything About Archive

Deposit Insurance for Bank Deposits- DICGC and Banks

DICGC, Deposit Insurance and Credit Guarantee Corporation, deposit insurance, coverage of Rs. 5,00,000, Premium borne by bank, eligible banks, types of accounts, capacity, right, ownership, different banks, different branches, display on website, cancellation,
Deposit Insurance and Credit Guarantee Corporation (DICGC) offers insurance protection for deposits up to Rs. 5,00,000 held in same ownership/right in each bank. Deposits in same capacity held in different branches of same bank or different
24 Jul 23 Author CategoryBanking Awareness, Everything About, Regulators & Institutions No Comment Read More

Positive Pay System for CTS and Banks

Positive Pay System for CTS, Cheque Truncation System ,CTS, cheque, fraud, Rs. 50,000, drawer, drawee, issuer, beneficiary, data, cross verification, drawee bank, presenter bank, image of cheque, clearing, NPCI, mandatory
Positive Pay System for Cheque Truncation System (CTS) is the concept muted by Reserve Bank of India, banking regulator, to make cheque based transactions safer by minimising frauds. The plan to introduce Positive Pay System for Cheque
11 Oct 20 Author CategoryBanking News, Digital Banking Awareness, Everything About No Comment Read More

Delisting of Equity Shares- Process

Delisting of equity shares, offer price, floor price, Reverse Book building, counter offer, Vedanta, stock exchange, voluntary delisting, compulsory delisting, SEBI guidelines, bidding platform, exit price, discovered price, 90%, paid up capital
Delisting of equity shares grabbed the attention of investors in India as various media began to cover the announcement made by mining major, Vedanta in May, 2020.Compared to listing of shares, delisting of shares occurs rarely and
10 Oct 20 Author CategoryEquity, Everything About No Comment Read More

Guaranteed Emergency Credit Line (GECL) for MSMEs-Lenders guaranteed by NCGTC

GECL, Guaranteed Emergency Credit Line, ECLGS, NCGTC, 20%,MSME, Emergency Credit Line Guarantee Scheme, National Credit Guarantee Trustee Company, Atmanirbhar Bharat Yojna, MSME, Business enter prises, PMMY, . Scheduled Commercial Banks, NBFC, Rs. 25 Cr, turn over, Rs. 100 Cr, GST registration, interest rate, external benchmark, NBFC, 14%, 9.25%, collateral,
Guaranteed Emergency Credit Line (GECL) is the loan extended to eligible MSMEs/ Business Enterprises being 20 per cent of the loan outstanding as on February 29,2020. The Finance Minister had announced a collateral free, guaranteed credit scheme
24 May 20 Author CategoryBank Loans- General, Banking News, Everything About No Comment Read More

CGTMSE Coverage for Micro and Small Enterprises

CGTMSE coverage for micro and small enterprises, CGTMSE, Credit Guarantee Fund Trust for Micro and Small Enterprises, CGS, Credit Guarantee Scheme, Guarantee, CGS-I, CGS-II, MSME, GDP, MSE, Udyog Aadhar Number, UAN, IT-PAN, Collateral free, guarantee free,
CGTMSE coverage for Micro and Small Enterprises is an initiative of the Government of India and SIDBI to ensure bank credit to Micro and Small Enterprise (MSE) without the insistence for collateral securities or third party guarantees.
21 May 20 Author CategoryBanking Products & Schemes, Banking Terms - Loans, Everything About No Comment Read More

Essential Commodities Act (EC Act) and its impacts

Essential Commodities Act, EC Act, essential, fair price, central government, state government, hoarding, black marketing, stock holding limit, compliance
Essential Commodities Act (EC Act) is an act enacted in 1955 by the Parliament of India with a view to ensuring availability of commodities declared as ‘essential’ at fair price. The EC act aims to avoid hoarding
20 May 20 Author CategoryEverything About, Indian Economy No Comment Read More

M-POS (Mobile Point of Sale) & Digital Banking

M-POS, Mobile Point-Of-Sale, terminal, credit, debit, NFC, EMV, Credit, debit, biometric, iZettle, Square Inc, cyber security, system requirement, evolution
M-POS or Mobile Point-Of-Sale terminal is a smartphone or tablet equipped with an application/ software provided by a vendor to convert it as a POS terminal. A dedicated wireless device that performs the functions of a cash
19 May 20 Author CategoryBanking Awareness, Digital Banking Products, Everything About No Comment Read More

SLF-MF(Special Liquidity Facility for Mutual Funds)

SLF-MF, Special Liquidity Facility for Mutual Funds, liquidity support, Franklin Templeton MF, AUM, LTRO, TLTRO 1.0, TLTRO 2.0,
Special Liquidity Facility for Mutual Funds was an unusual window announced by the Reserve Bank of India for ensuring liquidity support to mutual funds. RBI announced the Special Liquidity Facility for Mutual Funds (SLF-MF) on April 27,2020
12 May 20 Author CategoryEverything About, Indian Economy, Mutual Fund No Comment Read More

WMA limit enhancement – How much?

WMA limit enhancement, Ways and Means, RBI, stimulus,
WMA (Ways and Means Advance) facility enables states and Central government to tide over short term mismatches in cash flow by availing loan from the central bank.  On April 17,2020 RBI announced an increase in  the ways
9 May 20 Author CategoryEverything About, Indian Economy No Comment Read More

Ways and Means Advance (WMA)–What is it?

Ways and Means Advance, WMA, overdrawing, Special Drawing facility, State Development Loan, SDL,
Ways and Means Advance (WMA) is a mechanism through which RBI extends funding support to states and central government to enable them to tide over temporary cash flow mismatches. This can be considered similar to a bank
8 May 20 Author CategoryEverything About, Indian Economy No Comment Read More