Updated on 01.03.2024 In supersession of earlier BBPS-related guidelines/circulars, the Reserve Bank of India issued a new direction on March 1, 2024. The earlier circular was suitably modified as under. BBPOUs are the System Participants in the Bharat Bill Payment System (BBPS) BBPS. A BBPOU may function either as a Biller Operating Unit or a…
Commercial cards and Business cards are often mistaken for each other. These two cards may sound the same but are different in more ways than one. Let’s learn about their differences in this article. Corporates have many expenses apart from settling supplier invoices, and employee salary i.e., for travel, entertainment & employee engagement. Commercial cards…
Reserve Bank of India formulated a scheme whereby a bank may raise funds by issuing Usance Promissory Notes in convenient lots and maturities on the strength of genuine trade bills discounted by it. Under the above scheme, Scheduled Commercial banks and permitted financial entities may invest by way of rediscounting trade bills of other eligible…
(This post explains Initial Public Offer- Private Placement- Qualified institutional placement (QIP) -Preferential Issue – Rights and Bonus Issues, stock exchange, secondary market, and over-the-counter market) Types of Capital Issues in the Primary Market The primary market, also known as the new issue market, is that segment of the capital market where securities are issued…
RBI today notified Amendment to Master Direction on Prepaid Payment Instruments. As per the revised guidelines, the various types of PPIs that banks and non-banks can issue after obtaining necessary approval/authorisation from RBI. “Public transport systems across the country cater to a multitude of commuters daily. To provide convenience, speed, affordability, and safety of digital…
Financial Market is a type of Market in which bonds and securities are traded. Price discovery is a process that determines market prices, mostly through interactions between buyers and sellers. Price discovery is a method for determining the spot price of a commodity through interactions between sellers and buyers – often referred to as a…
This article elucidates – Pension System and its Aspects – Pension Products – Different Types of Pension Schemes, – Employees Provident Funds Scheme – Public Provident Fund (PPF) Scheme **– Insurance Annuity Schemes – National Pension Scheme (NPS)– Atal Pension Yojana (APY).] The Royal Commission on Civil Establishments, in 1881, first awarded pension benefits to…
The Provident Funds Bill was introduced in the Parliament as Bill Number 15 of the year 1952 as a Bill to provide for the institution of provident funds for employees in factories and other establishments. The Act is now referred to as the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952 which extends to the…
[The most popular swaps are Commodity Swaps, Currency Swaps, Interest rate Swaps, and Credit Default Swap (CDS)] In simple words, a Swap is an act of exchanging one thing for another. A financial derivative swap is an agreement between two counterparties (a buyer is a counterparty to a seller) to exchange financial instruments, cash flows,…
[This article explains what is a Derivative- History of Derivatives – The size of the Derivatives Market – Underlying Assets – Exchange Traded and Over-the-Counter Markets – Participants in the Derivatives Market, – Functions of Derivatives – Types of Derivatives – Forward Contracts– Futures – Options ] Definition: Derivative securities are those whose value depends…