REFERENCE Archive

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 Plan of Vedanta Ltd- Update

delisting plan, Vedanta, Delisting of equity shares, LIC, Exit price, discovered price, Reverse Book building, counter offer, stock exchange, SEBI guidelines, bidding platform, exit price, discovered price, 90%, paid up capital, Rs. 87.50, Rs. 320, share, offer price
Vedanta Ltd’s announcement of delisting plan of equity shares continues to grab the attention of  entire Indian  equity investors, apart from its own share holders. Initially it was on account of the low offer price decided by
10 Oct 20 Author CategoryBanking News, Equity, Quick Reference One 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

FedSwagat–Digital appointment booking channel to visit Federal Bank

FedSwagat, booking platform, appointment, Federal Bank, banking transactions, digital channel, online, digital banking products, time slot,
FedSwagat is an innovative appointment booking channel launched for visitors by the Federal Bank Ltd. The bank, which is one of the major commercial sector banks in India, has always been in the forefront in adopting technology,
21 Jun 20 Author CategoryBanking News, Banking Products & Schemes, Digital Banking Awareness Comments 3 Read More

Gold as an investment option – A brief introduction

Gold, investment option, precious metal, gold nuggets, gold mines, forms of gold, brief history, gold rush, uses, application, ornament, currency, security, investment instrument, gold loan, pledge, gold standard, gold exchange standard, fiat monetary system
Gold has become an investment option with its precious metal status, ever increasing demand and rising prices. The pleasing glitter and surprising malleability of gold have always been magic attractions for mankind. Naturally occurring metals which are
1 Jun 20 Author CategorySchemes 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

Why are banks hesitant to lend to MSE sector with CGTMSE coverage?

CGTMSE coverage, challenges, banks, hesitant, MSME sector, MSE, risk premium,
MSME sector (Micro, Small and Medium Enterprises sector) plays a crucial role in improving Gross Domestic Product (GDP), creation of employment opportunities and export growth in India. The sector contributes around 30% of GDP, 40% of exports
22 May 20 Author CategoryBank Loans- General, Banking Products & Schemes Comments 2 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