Primary role of NeSL

National E-Governance Services Limited (“NeSL”) is a Union government company and is governed by the provisions of the Insolvency and Bankruptcy Code, 2016 (“IBC”) and Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017. It is appointed by the Insolvency and Bankruptcy Board of India (“IBBI”) as an Information Utility (“IU”). As a regulated…

FBIL and its responsibilities for all the aspects related to the benchmarks it issues

Financial Benchmarks India Pvt. Ltd. (FBIL) was jointly formed by Fixed Income, Money Market and Derivatives Association of India (FIMMDA), Foreign Exchange Dealers’ Association of India (FEDAI) and Indian Banks’ Association (IBA), was incorporated in December 2014 as a private limited company and had commenced operations in February 2015. It develops and administers benchmarks relating…

What is e-RUPI digital currency?

National Payments Corporation of India (NPCI) in association with the Department of Financial Services (DFS), National Health Authority (NHA), Ministry of Health and Family Welfare (MoHFW), and partner banks, has launched an innovative digital solution – ‘e-RUPI’ on August 2, 2021. ‘e-RUPI’ is in essence, like a prepaid voucher except that the voucher is entirely…